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Deposit Insurance
(redirected from FDIC Deposit Insurance)

   Also found in: Wikipedia 0.02 sec.
Deposit insurance

Deposit Insurance
A guarantee by some organization that funds in a bank deposit will be available to the account holder. That is, if the bank becomes insolvent, insured deposits are safe and depositors will be able to access them. Deposit insurance is made by a government-sponsored organization such as the FDIC. Deposit insurance exists in order to reduce pressures that might result in bank runs.


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For certificates of deposit (CDs"), FDIC deposit insurance coverage applies to the principal and accrued interest on all CDs and other deposit accounts maintained by an investor in the same insurable capacity at a single insured institution.
This phishing page states that “Due to recent changes in FDIC Deposit Insurance Rules, all our customers must be enrolled in the Verified by Visa or MasterCard SecureCode program depending on type of your check card.
Global Banking News-2 February 2010-US calls for increasing FDIC deposit insurance fund(C)2010 ENPublishing - http://www.
 
 
 
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