It’s important to know why, when and how to be sure you’re bank accounts and savings are fully protected by FDIC insurance.  As more money has flowed into banks including online savings accounts to long term bank CDs the importance of principal security should not be overlooked.  Consumers don’t need to worry about their insurance coverage if they have $100,000 or less in all of their deposit accounts at the same insured bank.  But if they have more than $100,000 on deposit in one bank, it’s smart to learn more about insurance coverage, including how to qualify for more than $100,000 in coverage at one bank, which is possible under FDIC rules.

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