Both protect your deposits, but at different types of institutions Michelle Lambright Black is an expert on credit reporting, credit scoring, identity theft, budgeting, debt eradication, and the ...
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FDIC insurance: What it is and how it works
The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money in a bank should it fail. Deposits are insured for up to $250,000 per depositor, per ...
Simply put, Federal Deposit Insurance Corporation insurance protects your money if your bank fails. Safeguarding your deposits is always important, but it’s particularly crucial during times of ...
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