Are bank CDs FDIC insured?

Answer Provided the it is opened at an Federal Deposit Insurance Corporation (FDIC) member bank or financial institution, most certificate of deposit (CD) accounts carry FDIC insurance coverage. Through ... Read More »

Top Q&A For: Are bank CDs FDIC insured

Is a cd offered by a fdic insured bank insured by government?

Certificates of deposit (CDs) from banks that are covered by the FDIC are insured by the government. As of 2010, the coverage protects the first $250,000 per person, per bank.References:FDIC: Insur... Read More »

Is GMAC Bank FDIC Insured?

GMAC Bank changed its name and is now doing business as Ally Bank. Ally Bank is FDIC insured. That means certain deposits at Ally Bank will be insured by the federal government up to $250,000 throu... Read More »

Is Bank of America FDIC-insured?

Bank of America accounts are covered under the Federal Deposit Insurance Corporation in case of a bank failure. Covered accounts include savings accounts, checking accounts, certificates of deposit... Read More »

Is Wachovia bank FDIC insured?

According to "Bank Find," an online tool provided by the FDIC (Federal Deposit Insurance Corporation), Wachovia bank as an FDIC-insured bank. The bank's corporate website also states that it is a... Read More »