What does fdic insurance stand for?

Answer FDIC is short for Federal Deposit Insurance Corporation. The FDIC backs deposit accounts in case the bank fails. As of 2010, the insurance limit is the first $250,000 per person per bank.Source:FDI... Read More »

Top Q&A For: What does fdic insurance stand for

What does FDIC insurance cover?

FDIC is short for Federal Deposit Insurance Corporation. FDIC insurance covers bank deposit accounts such as savings, checking, trusts, IRAs and certificates of deposit up to the coverage limit in ... Read More »

What is the limit on FDIC insured IRAs?

Many investors saw their retirement savings plummet during the economic downturn of 2008-09. Some began seeking safer investments, including those covered by FDIC insurance.FDICThe Federal Deposit ... Read More »

Is AIG covered by the FDIC?

AIG (American Insurance Group) is covered by the FDIC (Federal Deposit Insurance Corporation) for funds in deposit accounts, including checking and savings accounts, certificates of deposit (CDs) a... Read More »

Is ING FDIC insured?

The Federal Deposit Insurance Corporation (FDIC), an independent agency of the U.S. government, promotes public confidence in the American financial system by insuring bank deposits. The FDIC insu... Read More »