Welcome to Tip’d, a social media site for finance, investing, and business topics. Want to participate? » Join Tip’d now! or read our FAQ.
FDIC or the Federal Deposit Insurance Corporation is created by the US Congress to insure the safety of deposits in participating members’ banks up to $250,000 per depositor per bank. Also, accounts in different ownerships (such as beneficial ownership, trusts, and joint accounts) are considered separately for the $250,000 insurance limit. Under the Federal Deposit Insurance Reform Act of 2005, Individual Retirement Accounts are insured to $250,000.
Save & Share
Spam? Topple this!
Save & Share
Spam? Topple this!
sagitarius84
Paisano1
Comments
Want to leave a comment on this story? Login or join Tip'd to comment.