Question

You decide to open a savings account, and you notice a sign in your bank that indicates deposits are fdic insured. what protection does that give you?

Answer 1

if the bank fails, your deposits are protected up to $250,000

Step-by-step explanation:

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Answer 2

The reason for the FDIC, then, is to protect investment accounts against future bank disappointments. At present, reserve funds stores are guaranteed against such disappointments up to a furthest reaches of $250,000, in this way guaranteeing the larger part of individual bank accounts are secured.