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Bookmark or Share- Abolishing the FDIC could backfire on Trump and his allies - CNNThe Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks.
- FDIC: Federal Deposit Insurance CorporationThe FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.
- Understanding Deposit Insurance | FDIC.govFDIC deposit insurance protects your money in deposit accounts at FDIC-insured banks in the event of a bank failure. Since the FDIC was founded in 1933, no depositor has lost a penny of FDIC-insured funds.
- What Is the FDIC Insurance Limit, and How Does Coverage Work?You’re covered up to the standard FDIC insurance limit of $250,000 at FDIC-insured banks, and you may be able to insure accounts above that limit if you meet specific rules. Those rules have evolved during the FDIC’s history, with the latest changes taking effect on April 1, 2024.
- FDIC Insurance: What It Is And How It Works - BankrateFDIC insurance is backed by the full faith and credit of the U.S. government. The FDIC insures up to $250,000 per depositor, per FDIC-insured bank, per ownership category.
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