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Click here to read our full advertiser disclosure. We may receive a commission when you click on links for products from our affiliate partners. Learn More. Information about the Ally Interest Checking Account has been collected independently by CNBC and has not been reviewed or provided by the bank prior to publication.
Information about the Synchrony Bank High Yield Savings has been collected independently by CNBC and has not been reviewed or provided by the bank prior to publication. Don't miss: 7 common fees of checking accounts and how to avoid them 6 tips for choosing the best checking account. According to the FDIC, no depositor has lost a cent of insured funds as a result of bank failure since its insurance debuted on Jan. The FDIC isn't loved by everyone though. Detractors believe forced deposit insurance creates moral hazard in the banking system and encourages depositors and banks to engage in riskier behavior.
They argue that customers do not need to care which bank makes safer loans if the FDIC is going to bail them all out anyway. Federal Deposit Insurance Corporation. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights.
Measure content performance. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Personal Finance Banking. Key Takeaways An FDIC insured account is a bank account at an institution where deposits are federally protected against bank failure or theft.
The FDIC is a federally backed deposit insurance agency where member banks pay regular premiums to fund claims. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. An uninsured certificate of deposit is a CD which is not insured against losses. What Is an Advance Dividend? An advance dividend is a payment to the uninsured depositors of a bank that becomes insolvent, based on an estimate of the bank's remaining assets.
Insured Financial Institution An insured financial institution is any bank or savings institution covered by some form of deposit insurance. Bank insurance helps protect individuals who deposit their savings in banks, against commercial bank insolvency.
Partner Links. Related Articles. Certificates of Deposit: What's the Difference?
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