FDIC-insured accounts, like those offered by FDIC memberDiscover Bank®, are protected up to $250,000 per depositor, per account ownership category, in the unlikely event of a bank failure. You probably have a lot more questions about FDIC insurance, so let’s dive into some answers. What...
Money market deposit accounts (MMDAs) Time deposits such as certificates of deposit (CDs) Cashier's checks, money orders, and other official items issued by a bank The FDIC does NOT cover (even if purchased at an insured bank): Stock investments ...
No. FDIC insurance covers deposit accounts, such as checking and savings accounts, money market deposit accounts and certificates of deposit. Investment options, such as stocks, bonds and mutual funds, aren’t insured by the FDIC. FDIC insurance: What’s covered The FDIC insures up to $250,0...
According to the FDIC, funds deposited intomoney market accountsoffered by FDIC-insured institutions areprotected up to the maximum per law, just like FDIC-insured savings accounts. Money market mutual funds, however, are not protected by the FDIC. Why not? Money market accounts are a type of ...
Revocable trust accounts are insured up to $250,000 per owner, per beneficiary An example of $1,250,000 in coverage: Account OwnerDeposit TypeAccount Balance SueCertificate of Deposit$250,000 BobMoney Market Account$250,000 Bob & SueSavings Account$500,000($250,000 per person) ...
Best Money Market Accounts. What Does the FDIC Cover? An array of deposits at FDIC member banks are FDIC-insured. These include: Checking accounts. Savings accounts. Money market accounts. CDs. Cashier's checks. Money orders. Deposit accounts held within self-directed retirement accounts, includin...
Money Market Guaranteed returns. FDIC insured Loan Calculator Estimate your monthly payments Schedule an appointment Banking in the palm of your hand With the CB&T mobile app, you have fast easy mobile access to your accounts. View balances, make deposits, pay bills, transfer funds and view st...
As long as the institution is a member firm, the FDIC covers deposits up to $250,000 per depositor, per insured bank, for each account ownership category. It covers most deposit accounts, including checking and savings accounts, money market accounts, and certificates of deposit (CDs). It ne...
Instead, funds on deposit in qualifying accounts are automatically insured. NCUA insurance applies to a variety of savings and deposit accounts, including: Savings accounts Checking accounts Money market accounts Certificates of deposit (CDs) Traditional or Roth IRAs It’s important to note that the ...
In case ofbank failure, the FDIC covers deposits up to $250,000, per FDIC-insured bank, for each account ownership category such asretirement accountsand trusts. This sum is adequate for the majority of depositors, though depositors with more than that sum shouldspread their assets among multip...