Rates Current as of Friday February 10, 2012

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 but still within the guidelines of the maximum deposit insurance per account holder.

This entry was posted on Saturday, October 11th, 2008 at 9:17 pm and is filed under FAQs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No user commented in " Will FDIC insurance protect creditors and shareholders in a bank that fails? "

Follow-up comment rss or Leave a Trackback

Similiar Content You Might Enjoy

Credit

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

Unemployment Claims for the Week Ending December 20, 2008

Non seasonally adjusted figures. This is not the same as headline figures which are seasonally adjusted. The advance number of actual initial claims for the week ending December 20, 2008, unadjusted, totaled 715,496 in the week ending December 20, an increase of 85,629 from the previous week. The advance, unadjusted, continuing claims or number of persons claiming unemployment

CD Rates Change with the Health of the Economy

Keep in mind that the health of the economy in general dictates what the level of competitive interest rates will be, and that in turn influences what the best CD rates will be. In a volatile or fluctuating economic environment, a certificate of deposit investor needs to decide whether or not they should lock their money up for

Checking Account Overdraft Protection

If you write a check or make a purchase for more than you have in your checking account, your bank may cover the difference. This is still an overdraft, but one where the amount that has drawn the bank accounts below the amount of available of funds in the account is paid by the

CD Interest Rates Week in Review January 29, 2010

Interest rates showed little movement during the week. This is a week in which the government of Greece rushed to convince the EU and the financial markets that it will get its budget and debt under control as interest rates on Greece’s borrowing costs jumped radically over the fear of default and the Fed released

Credit Limit

The maximum amount of credit that is available on a credit card or other line of credit account.

Bankwire

An electronic communications network owned by an association of banks and used to transfer messages between subscribing banks. Bankwire also offers a clearing service called Cashwire that includes a settlement facility.

Peoples Federal Savings Bank CD Rates

Peoples Federal Savings Bank was founded over 75 years ago in 1925 in Auburn, Indiana. The bank has nine branches in 8 communities of northeastern Indiana and now has 15 offices total in Northern Indiana and Southern Michigan. Peoples Federal Savings Bank is chartered as a Savings Association and therefore the primary regulator is the

What is the difference between a personal check and a cashier’s check?

Cashier’s checks or Money Orders are certified checks because you must have cash to purchase these negotiable items, and these items are often insured by the issuing bank. Personal checks are not certified funds.

Unbeatable Short Term CD Rates in Helena

For short term CD rates in Montana, American Federal Savings Bank has the competition beat. American Federal Savings Bank was formed in 1922 and is headquartered in Helena, Montana. It has additional bank branches in Butte, Bozeman and Townsend. American Federal Savings Bank has two promotional CD accounts with interest rates that are available through

Ohio CD Rates at Killbuck Savings Bank

Killbuck Savings Bank is a state chartered bank headquartered in Killbuck, Ohio. The bank operates nine full service branches and one loan production office in the region. Killbuck Savings Bank has received a 5 star rating in 2008 from the bank rating service, Bauer Financial, Inc. Killbuck Savings Bank offers traditional retail and commercial banking services

Red River CD Rates

Through much of its early history Louisiana was a trading and financial center, and its fertile land made it a prosperous region in America. The prosperity was mainly due to the river system of the region, especially the “big river”. The Red River and its tributaries were main arteries of transportation for the area along

Money Market Funds Investments – Eurodollars

Eurodollars are deposits denominated in United States dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the United States, allowing for higher margins. Eurodollar deposits are US dollar-denominated deposits outside of the U.S,

Withdrawal

The removal of funds from an account. When money is taken out of an account, this can be by check, ATM, automatic payment or other methods.

Great CD Rates, IndyMac is Back

IndyMac Federal Bank ads are starting to pop up with greater frequency. This week on the IndyMac website they are promoting a 13 month CD with an interest rate of 3.80% and a one year CD with a rate of 3.75%. The minimum to open this CD account is $5,000.00. These promotional interest rates are

Tip #27

Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly. Don’t assume that you have plenty of time to cover a check that you’ve written with insufficient funds.

A deposit was credited to my account by mistake. Can the bank freeze the account?

Yes. The bank may freeze the account to ensure that no funds are withdrawn before the error is corrected. Or the bank may place a hold on the deposit.

What is Check 21 and how does this action affect my checking account?

Check 21 is the informal name for an act created by Congress in 2003 to help modernize the check processing system with the use of digital imaging. Many banks now clear checks with just digital images of the checks instead of the checks themselves. These reduces check processing costs for financial institutions and

Check Clearing

The movement of checks from the banks or other depository institutions where they are deposited back to those on which they are written, and funds movement in the opposite direction. This process results in credits to accounts at the institutions of deposit and corresponding debits to accounts at the paying institutions. The Federal

High Yielding Checking Account Rates with Conditions

Some banks offer high interest rates on checking accounts that require various tasks and minimum requiremnet of the account holder. Sometimes the terms for receiving the advertised interest rates can be quite burdensome. Some new offers require not only that direct deposit be established but a certain number of check card activities be completed per month

CD Rate Updates

CD Interest Rates Mildly Lower January 30, 2012

In the most recent survey of bank CD rates conducted by Selectcdrates.com, CD rates slumped slightly compounding last week’s similar dip. The average yield on the Selectcdrates.com CD rate index moved down to 1.081 percent from an average rate of 1.087 percent found in the previous rate survey. The Selectcdrates.com index covers the top ten [...]

CD Interest Rates Hold Steady January 23, 2012

CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the [...]

CD Interest Rates Display Little Change January 16, 2012

The best CD interest rates available were little changed over the past week. Based on the most recent survey of bank CD rates performed by Selectcdrates.com, the average CD rate gave up less than one basis point or 1/100th of a percent week over week. The average CD rate on the highest three month CDs, [...]

Banking & CD FAQs

What is a certificate of deposit?

A certificate of deposit is an IOU in that there is a promise to pay back the interest and principal at maturity to the holder of the certificate of deposit. But, a certificate of deposit is not a marketable instrument. In another word, if the holder of the certificate of deposit needs the

How Do Interest Rates Affect the Economy?

Lower interest rates make it easier for people to borrow in order to buy cars and homes. Purchases of homes, in turn, increase the demand for other items, such as furniture and appliances, thus providing an additional boost to the economy. Lower interest rates mean that consumers spend less on interest costs, leaving them with

Does FDIC insurance cover the contents of safe deposit boxes if they are damaged or stolen?

No. By law, the FDIC only insures deposits in deposit accounts at insured institutions. Although you may be putting valuables, including cash and checks, into an area of the bank that has the word deposit in its name, these are not deposits under the insurance laws that the bank can use, for example, to make

What are credit enhancements?

Issuers of securities use credit enhancements to raise the credit rating of a security by backing it with the credit of a third party. Credit enhancements, which may include, bond insurance and bank letters of credit, can help lower the risk of default, improve liquidity, and reduce the interest rate that issuers must pay.

Best Rates on CDs
Best Interest Checking Account Rates

Discover Bank IRA CD Rates

Emigrant Direct
Sallie Mae Savings

Bank Deals
Checking Account Promotions
Chase Bank Promotions Bank of America Promotions
Capital One Promotions
Citibank Promotion

Second Chance Bank Account
Online Checking Accounts Roth IRA Accounts

Best Credit Card Rates Low Interest Credit Cards Business Credit Cards Credit Cards with Cash Back Credit Card Applications
Best Credit Card Offers
Low Interest Rate Credit Cards
Credit Cards for Bad Credit

Best Prepaid Cards
Chase Bank Credit Cards
Chase Credit Card Offer Chase Freedom Card
Chase Credit Card Interest Rates
Wells Credit Cards
Apply for Citibank Credit Card
Citicreditcard
Student Citi Card
Citibank Dividend Card Balance Transfer Credit Card HSBC Bank Household Bank Credit Card

Personal Checking Account
Bank Certificates of Deposit
Compare Savings Accounts
Setting Up a Bank Account Online Bank Services
Bank Information
Open a Bank Account
Bank Money Markets
Bank IRA Accounts

Mobile Banking Online Banking

CD Ladder
CD Loan

Best Checking Accounts

Senior Checking Account

Car Loan Rate

Business Checking

Online Brokers

----------Calculators ---------

Savings Account Calculator
Compound Interest Calculator
Mortgage Payment Calculator

About Us | Contact Us | Privacy Policy

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

No user commented in " Will FDIC insurance protect creditors and shareholders in a bank that fails? "

Leave A Reply

CD Rate Updates

Banking & CD FAQs

Bank & CD Tips