Yes! All bank accounts are FDIC insured up to the maximum allowable by law. The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Is my money FDIC insured when I open a bank account? Print
Modified on: Thu, 12 Nov, 2020 at 11:25 AM
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