Are TSP annuities protected by the FDIC?

Answer Thrift Savings Plan (TSP) annuities are not protected by the Federal Deposit Insurance Corporation (FDIC). According to the TSP, the FDIC does not protect any "investment accounts such as private s... Read More »

Top Q&A For: Are TSP annuities protected by the FDIC

Are annuities insured by the FDIC?

Annuities are not FDIC-insured, even if a bank that is FDIC insured offers them. If a bank that fails holds your annuity, the Federal government doesn't guarantee your deposit. Your investment coul... Read More »

Are annuities FDIC insured?

The Federal Deposit Insurance Corporation (FDIC) covers only traditional banking products, such as checking, savings and certificates of deposits. Annuities and other types of investments sold thro... Read More »

Are Annuities Covered by the FDIC?

The U.S. Banking Act of 1933 established the Federal Deposit Insurance Corp. (FDIC) in response to the bank failures leading up to The Great Depression. The law, among other reforms, provides a saf... Read More »

Are checking accounts protected by the FDIC?

The Federal Deposit Insurance Corp. (FDIC) insures traditional bank deposit checking accounts up to $250,000. Checking accounts tied to investment products, like money market mutual funds, are not ... Read More »