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FDIC insurance

Definition

U.S. government protection for deposits at FDIC-insured banks if the bank fails, up to $250,000 per depositor, per insured bank, for each account ownership category.

Example

An individual with $200,000 in checking and savings at one insured bank is fully covered; stocks or mutual funds bought through that bank are not.

General educational information, not personal financial advice. See our disclaimer.

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