Now, if you have $248,000 in a CD account that has earned $2,000 in interest, the full amount is covered because your account doesn’t exceed the insurance limit. The FDIC doesn’t insure ...

Opinions expressed by Forbes Contributors are their own. Matthew F. Erskine is a trusts and estates attorney. The FDIC has issued final regulations that, as of April 1, 2024, will change how bank ...

By most measures, the nation's banking system is in solid shape, with just two failures in 2024. Yet the outgoing chairman of ...

even if purchased through an FDIC-insured bank: Of course, virtually every type of insurance has limits of coverage (how much will be paid in the event of a covered loss). To learn how this works ...

Standard FDIC and NCUA insurance covers up to $250,000 of deposits and interest earned on those deposits. Online-only banks also provide FDIC insurance, but fintech companies aren't part of the ...

These credit unions might be covered by private insurance, but it is important to check the deposit limit and coverage before you put your hard-earned deposits into one of these institutions.