FDIC - Federal Deposit Insurance Corporation

FDIC - Federal Deposit Insurance Corporation

The FDIC or Federal Deposit Insurance Corporation is a US gov corporation created by the Glass-Steagall Act of 1933.

It provides deposit insurance up to $250,000 per depositor per bank.


FDIC Insurance Limits:

- year 1935 - $5,000
- year 1950 - $10,000
- year 1966 - $15,000
- year 1969 - $20,000
- year 1974 - $40,000
- year 1980 - $100,000
- year 2008 - $250,000

Money market FDIC

Money market FDIC
A money market FDIC insurable is an interest conducting account statement provided by an FDIC insurable banking foundation. The interest attained is influenced by the financial organization that offers the account. Don't mix up it with a money market open-end investment company, which is a open-end fund that invests in short-run CDs T-bills, corporate bonds etc. The interest attained is settled on profits on the basic securities. Both are comparatively secure, low risk investment funds.
FDIC is the Federal Deposit Insurance Corporation. They are an autonomous bureau of the United States governance. FDIC insurance policy protects consumers versus the loss of their deposits if anFDIC insured bank or financial organization goes wrong. FDIC insures the depositor up to $250,000 per account and even more in more or less cases.