FDIC emphasizes security of bank deposits
Monday, March 8th, 2010Tuesday, March 2, 2010
The FDIC reminded people this week that their deposits are safe in institutions that it insures.
- By John March
Amid ongoing worries about the economy and the stability of the financial system, the Federal Deposit Insurance Corporation reminded Americans that their bank deposits are safe.
In its announcement, the FDIC encouraged people to keep their money in deposit accounts at banks that it insures, adding that deposits up to $250,000 are covered.
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