When you visit a branch or our website, you’ve probably seen the signs that say: “Each depositor insured to at least $250,000.” Have you ever thought about what that sign really means? The Federal Deposit Insurance Corporation was formed to protect the money deposited into accounts at banks covered by FDIC insurance. So your money is protected up to $250,000 per depositor, per insured bank, for each account category. FDIC coverage separates insured accounts into different...
FDIC Insurance Protects Your Money Deposits
Read More » Posted on Mar 13, 2023