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

Answer 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 »

Top Q&A For: Is a cd offered by a fdic insured bank insured ...

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

Yes. According to the Federal Deposit Insurance Corp., all kinds of bank deposits are federally insured including CDs, also known as certificates of deposit. The FDIC says that deposits are insured... Read More »

Are bank CDs FDIC insured?

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 »

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 »

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 »