Rates Current as of Wednesday February 08, 2012

Terms

The period of time and the interest rate arranged between creditor and debtor to repay a loan.

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Banking & CD FAQs

Will FDIC insurance protect creditors and shareholders in a bank that fails?

The FDIC insurance is established to protect only the depositors and only certain deposits. Since a safe deposit box is not technically a deposit, it would not be covered. In a situation where some depositors may also be creditors or shareholders of an insured bank they would benefit by the coverage of deposits

Does the federal government insure money market funds?

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