FDIC - FDIC Insured - Federal Deposit Insurance Corporation

What is FDIC (Federal Deposit Insurance Corporation) and FDIC Insured?

  I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits in participating US banks, which protects the depositors if the bank goes bankrupt. It was formed as a result of the great depression, …

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FDIC - FDIC Insured - Federal Deposit Insurance Corporation
What is a Credit Union

What is a Credit Union?

  What is a credit union? A credit union is a financial institution that is owned and operated by its members. It accepts deposits from its members and provides them loans as well as other financial services like checking and savings accounts, credit cards, etc. How do I become a member of a credit union? …

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What is a Credit Union
What is Interest Rate

What is Interest and Interest Rate? A Simple Explanation for Kids and Beginners

Introduction to Interest Rate for Kids and Teens This video explains the concept of interest in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about rate of interest, or used as a money & personal finance resource by parents and teachers as part of a …

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What is Interest Rate
What is Net Worth

What is Net Worth? A Simple Explanation for Kids, Teens & Students of All Ages

Introduction to Net Worth for Kids and Teens This video explains the concept of net worth in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about net worth calculation, or used as a money & personal finance resource by parents and teachers as part of …

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What is Net Worth
What is Finance

What is Finance? A Simple Explanation for Kids, Teens and Beginners

Introduction to Finance for Kids and Teens This video explains the concept of finance in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about the world of personal finance, or used as a money & personal finance resource by parents and teachers as part of …

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What is Finance