Covered Accounts in Banking: What Are They & How They Work?
Understanding how your money is protected in banking is essential for peace of mind. When you hear the term covered accounts, it refers to deposit accounts insured by the Federal Deposit Insurance Corporation (FDIC). This insurance protects your deposits up to a legal limit of $250,000 per depositor per bank, ensuring that your funds are safe even if something unexpected happens to your bank. What… Read More »Covered Accounts in Banking: What Are They & How They Work?









