Topic: Federal Deposit Insurance Corporation

How do savings accounts work?

The most common type of bank account, and probably the first account you'll ever have (after a checking accoung), is a savings account. Besides the fact that you will be less likely to spend it, putting your money in a savings account ...

How do CDs (certificates of deposit) work?

Do you ever overhear co-workers drop comments like?, " They offer a higher interest rate than savings accounts, so you can watch your money grow faster. Unlike savings accounts, a CD has a maturity date, after which you can withdraw your funds ...

How S&Ls Work

Although the Clintons were partners in the S&L's business ventures, the prosecution never definitively connected the Clintons to criminal activities. A savings and loan association (S&L) is an institution that lends money to people who want to buy a house, make home ...

How Banks Work

When you deposit your money in the bank, your money goes into a big pool of money along with everyone else's, and your account is credited with the amount of your deposit. The amount of money that banks can lend is directly ...

Selecting And Managing Insurance Payouts

According to the Insurance Information Institute, insurance companies pay out billions of dollars in claims to policyholders annually. Partial payment contingent on certain conditions -Your insurance company may provide only partial payment on your claim if certain conditions are met, such as ...

Handling High-Yield Savings Accounts

For most Americans opening a savings account is the first step in taking control of their personal finances. Many high-yield or high-interest savings accounts offer the same Federal Deposit Insurance Corporation (FDIC) coverage as banks and thrifts (or National Credit Union Administration ...

Bag The Best Bank Account

In tough economic conditions, every financial institution wants to get its hands on consumer money to strengthen its assets and increase its customer base. Perhaps you already have a checking account, but it has no interest earning capability and you want your ...

7 Ways To Recession-Proof Your Life

Are you worried about how a recession might affect you? Have an Emergency Fund If you have plenty of cash lying around in a high-interest, Federal Deposit Insurance Corporation (FDIC)-insured account, not only will your money retain its full value in times ...
Some landlords take the security deposit and put it away in a safe place. With these savings accounts you can earn as much as 5% per year on your money. With these savings accounts, you can save your security deposits in an ...

FDIC proposes new fees system

FDIC proposes system of insurance fees based on assets vs deposits; seen as reflecting riskFederal bank regulators on Tuesday proposed a new system of fees paid by U.S. banks that would shift more of the burden to bigger institutions to support the ...