How much of my bank deposits are FDIC insured?

How much of my bank deposits are FDIC insured?
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1 Answer

Answer :

The limit for one person, one account is $250,000. In 2014, that number will reduce to $100,000.
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Related questions

Is Sovereign bank FDIC insured and for how much?

Description : Is Sovereign bank FDIC insured and for how much?

Last Answer : Yes, their bank is FDIC insured for up to 100,000.

What is the maximum bank CD amount that is FDIC insured?

Description : What is the maximum bank CD amount that is FDIC insured?

Last Answer : The maximum FDIC insured amount TOTAL for any individual is $250,000, so you have to consider all of your bank savings and bank CDs. Remember that stocks are not covered and other investments are not necessarily FDIC insured.

If you have money in a FDIC insured account and the bank goes under. How long does it take for you to get your money back?

Description : If you have money in a FDIC insured account and the bank goes under. How long does it take for you to get your money back?

Last Answer : Most banks are fincially backed and your money is insured up to 250,000. Even if the bank went under the FDIC will right you a check as soon as the paper work is processed.

Is Alma Bank an FDIC insured bank ?

Description : Is Alma Bank an FDIC insured bank ?

Last Answer : Yes, Alma Bank is an FDIC insured bank. A quick check of their web page reveals this.

is bank of america fdic insured?

Description : is bank of america fdic insured?

Last Answer : Yes it is. The limit was $100,000 but it was temporarily raised till December 31, 2013 to the ammount of $250,000. Seperate from that, all IRAs are also insured up to $250,000 per owner.

Is ING Direct an FDIC insured bank ?

Description : Is ING Direct an FDIC insured bank ?

Last Answer : Yes, ING Direct is an FDIC insured Bank. This means that deposits are insured up to $250,000, as are singly held accounts. Joint accounts which are 50/50 ownership are insured up to $250,000 ... ,000 for the account. ING Direct is registered with the FDIC in Wilmington, Delaware, under number 35489.

Is Flagstar bank FDIC insured?

Description : Is Flagstar bank FDIC insured?

Last Answer : Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.

Is SunTrust Bank in Tampa a FDIC bank. And what is the maximum insured amount?

Description : Is SunTrust Bank in Tampa a FDIC bank. And what is the maximum insured amount?

Last Answer : If you have under $100,000 in all combined accounts at one particular FDIC-insured bank, you are covered.

is sterling bank fdic insured?

Description : is sterling bank fdic insured?

Last Answer : Yes, Sterling Bank is FDIC insured. All non-interest amounts in your account will be guaranteed by the FDIC.

What are the best bank CD rates short term in my area. Vero Beach, Florida. FDIC insured?

Description : What are the best bank CD rates short term in my area. Vero Beach, Florida. FDIC insured?

Last Answer : In Vero Beach, Florida, you can currently get CD rates all the way up to 3.25%. Most short term CDs are closer to 2%, however.

Are iberiabank cd;s FDIC insured?

Description : Are iberiabank cd;s FDIC insured?

Last Answer : Yes, Iberiabanks' cd s are FDIC insured.

What is the limit for fdic insured certificates of deposit in Omaha, NE?

Description : What is the limit for fdic insured certificates of deposit in Omaha, NE?

Last Answer : the insurance has been increased to $250,000 till December

Is EECU Credit union in Ft. worth FDIC insured?

Description : Is EECU Credit union in Ft. worth FDIC insured?

Last Answer : It appears that the answer is...no. Their website lists the logo of the "National Credit Union Administration, a U.S. Government Agency", and claims "Member accounts are federally insured to at least ... . EECU may have some other form of insurance, but it does not seem to have FDIC coverage.

Best FDIC insured CD rates for 6 to 13 months?

Description : Best FDIC insured CD rates for 6 to 13 months?

Last Answer : www.selectcdrates.com/ is a great place to look for that infomration and have it be up to date

Is First Ohio Banc & Lending insured by FDIC and a safe banc for mortgage loans?

Description : Is First Ohio Banc & Lending insured by FDIC and a safe banc for mortgage loans?

Last Answer : Firs they are just a mortgage company, not so much a typical bank. They do not have any deposit accounts therefor do not need to be FDIC insured since you have no money to lose. As for if its ... follow all the safe lending laws, but if you are really worried i would go with a more reputable bank.

401k rollover 20 yr old fdic insured. best rate ?

Description : 401k rollover 20 yr old fdic insured. best rate ?

Last Answer : None of the investments in 401k are FDIC insured

Is it adviseable to move my current 401K to an FDIC insured institution?

Description : Is it adviseable to move my current 401K to an FDIC insured institution?

Last Answer : If you withdraw from your 401k it might come with a penalty. It might be wise to leave your money in and ride the wave back up when the market rebounds. So is there any way to not be penalized to withdraw from 401k with out a medical reason?

What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Description : What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Last Answer : D. Rs.1,00,000 Explanation: The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount upto Rupees one lakh is paid.

I heard that the FDIC last year has raised the insurable limit on deposits from $100,000 to $250,000 is it true?

Description : I heard that the FDIC last year has raised the insurable limit on deposits from $100,000 to $250,000 is it true?

Last Answer : answer:Lend me $250,000 and I’ll get back to you on that one. :D It looks like is $250,000 now, at least until 2013? Several sources say it’s permanent though.” Check Please. :D

4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Last Answer : a. it is a system of 12 central banks

Other than FDIC limits, is there any reason to use more than one bank?

Description : Other than FDIC limits, is there any reason to use more than one bank?

Last Answer : Well, if you are doing online banking and stuff having a savings account online and a checking account that isn't online or that's at a different bank can help save money because online banks have ... ? this site says that they have 4 accounts because of how much they save and for security reasons.

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

Is WoodForest National Bank a FDIC Covered Bank.?

Description : Is WoodForest National Bank a FDIC Covered Bank.?

Last Answer : yes WoodForest National Bank a FDIC Covered Bank.

Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)

Where does FDIC insurance money come from?

Description : Where does FDIC insurance money come from?

Last Answer : It is called the Deposit Insurance Fund. It is about 1% (actual cash on hand) of what could actually be paid out.

ING has FDIC insurance, but is that worth anything in Australia?

Description : ING has FDIC insurance, but is that worth anything in Australia?

Last Answer : answer:See this link #4.

How does FDIC cover all accounts at one institution?

Description : How does FDIC cover all accounts at one institution?

Last Answer : Feel Free to Answer

does fdic insure interest on cd's ?

Description : does fdic insure interest on cd's ?

Last Answer : yes

how safe is the fdic?

Description : how safe is the fdic?

Last Answer : Most Americans are familiar with FDIC-insured banks,the Federal Deposit Insurance Corporation is a U.S. government corporation which guarantees the safety of most account types in banks that are members, ... your money if it gets stolen from the bank the bank's private insurance should cover that

Are all my accounts covered by fdic?

Description : Are all my accounts covered by fdic?

Last Answer : All deposits in banks and savings and loans are insured up to $250,000 in combination. It would depend on your total dollars deposited in a particular bank.

Where can I get a list of FDIC banks?

Description : Where can I get a list of FDIC banks?

Last Answer : http://www2.fdic.gov/IDASP/ Click on find Offices and from there you can either search for a bank nearest you or download a list of all FDIC affiliated banks. Please note that you will need ... program in order to read the downloaded list. A free substitute for MS Office would be OpenOffice.org

What does FDIC stand for in the new deals program?

Description : What does FDIC stand for in the new deals program?

Last Answer : The FDIC was esablished as part of the Banking Act of 1933 under Franklin D. Roosevelt's New Deal. FDIC is an abbreviation for Federal Deposit Insurance Corporation.

Bank deposits through my cell phone?

Description : Bank deposits through my cell phone?

Last Answer : answer:At least at my bank (a small credit union) they have a person review. About a year ago I used my phone to deposit a check and things appeared to work. The right amount was in my bank a minute ... phone call the next day fixed it. But it was the last time I used the phone to deposit a check.

How are deposits with the bank beneficial for individual as well as for the nation ? -SST 10th

Description : How are deposits with the bank beneficial for individual as well as for the nation ? -SST 10th

Last Answer : The deposits with banks are beneficial for individual as well as for nation: (i) Banks accept deposit and also pay an amount as interest and in this way people earn money. (ii) ... of International trade. (vii) Development of infrastructure is undertaken with the loans provided by the banks.

How many types of bank deposits ?

Description : How many types of bank deposits ?

Last Answer : 3 types of bank deposits .

The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Description : The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Last Answer : Justify the following statement: The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

What Reconcile this bank statement. Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?

Description : What Reconcile this bank statement. Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69?

Last Answer : What is the answer ?

Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Description : Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Last Answer : Money Market accounts have the advantage of being able to withdraw your money whenever you need it. CD or Certificate of Deposit accounts hold a little bit of a higher interest rate, however you have to ... first one is not risk proof and you can lose money where as second options are fully secured.

Klein Bank deposits and the fee.?

Description : Klein Bank deposits and the fee.?

Last Answer : According to Klein Bank's policies in regards to direct deposit, you can use a direct deposit on your account. Also, there is no direct deposit fee for Klein Bank.

What does a bank do with deposits made by the average citizen?

Description : What does a bank do with deposits made by the average citizen?

Last Answer : i know the answer but i want you to tell the answer

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.

In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Description : In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Last Answer : C. Its instrument in government securities Explanation: Bank assets comprises cash, money at short notice, bills and securities discounted, bank‘s investments in government securities, loans sanctioned by the bank.

The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Description : The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Last Answer : E. Other than those given as options Explanation: The loan to deposit ratio is used to calculate a lending institution‘s ability to cover withdrawals made by its customers.

When a customer deposits cheque to a bank, the bank is a(n) A. Drawer B. Agent C. Principal D. Drawee E. Bailee

Description : When a customer deposits cheque to a bank, the bank is a(n) A. Drawer B. Agent C. Principal D. Drawee E. Bailee

Last Answer : B. Agent Explanation: When a customer deposits cheque to a bank then that particular bank acts as an agent for the customer. Collection occurs when the drawee bank (the bank ordered by the cheques ... of the drawer (its customer who has written the cheque) and presents it to the collecting bank.

Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Description : Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Last Answer : A. Assets Explanation: Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Anything tangible ... to produce value and that is held to have positive economic value is considered an asset.

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Last Answer : © Issue of paper notes.