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Yes, both no-penalty CDs and savings accounts are federally insured up to the legal maximum of $250,000 per depositor, per institution — and more for some digital banks.
You can have several accounts at one bank and be covered. A depositor’s combined balance on checking, savings and other traditional deposit accounts is insured up to $250,000.
Amount raised to BGN 196,000 (EUR 100,000) effective 31 December 2010. Article 23 (7) of the Bank Deposit Guarantee Law says that the guaranteed amount for foreign currency deposits shall be paid out in Bulgarian levs (BGN) calculated using the Bulgarian National Bank's exchange rate on the first day of paying out of guaranteed deposits. Croatia
The NCUA and FDIC offer the same amount of coverage for deposit accounts. Both provide standard deposit insurance of $250,000 per individual depositor, per insured institution.
The fund insures the balance of each members' account, dollar-for dollar, up to the standard maximum share insurance amount of $250,000. NCUA insurance covers all types of member shares received by a credit union including: Share draft accounts (aka "checking accounts"). Share savings that can be added to or withdrawn from at any time.
Banks have to follow the RBI's know your customer guidelines to allow an individual to open a savings account. [7] Almost every bank deposit in India is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), to a maximum of ₹5,00,000 or their deposit amount, whichever is lower. [8]
CDs issued at federally insured banks and credit unions are protected by federal deposit insurance, meaning your money is protected up to $250,000 per depositor, per insured institution, per ...
CDs are a good fit if you have savings you know you won't need for a set amount of time. For example, if you have $30,000 to use for a down payment on a home in two years, you could put it in a CD ...