This blog contains some simple tips and advice from two regular guys. We're not accountants, financial advisors, or brokers, so follow, ignore, or discuss our ideas as you see fit.

Tuesday, April 22, 2008

What things are FDIC insured?

Posted By Paul

Most people out there are familiar with the concept of savings that are insured by the FDIC (Federal Deposit Insurance Corporation) and for those deposits:

"The FDIC protects depositors against the loss of their deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government."

Which essentially means that your deposits are guaranteed by the US Government.

Matt posted some FDIC info in his post:

Money insurance and POD Accounts

But I decided to look around and see if there was a good summary of what kind of accounts are FDIC insured and what exactly that means. I found this page at the FDIC.gov website that has a good summary if you're every wondering if your deposits qualify:


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