The FDIC does not insure bank products that include annuities, insurance, stocks, bonds, mutual funds, or US treasury securities.  As more banks offer a variety of investment products, be clear which products do not carry the guarantee of FDIC coverage.  When using bank products that are not covered by the FDIC, be sure these investment accounts are the ones that are best suited for your needs and offer the best returns with the least costs.  Even purchasing bank CDs with FDIC backing from the same bank you do your checking with may not be the best way to obtain the highest CD rates.  Investing in bonds and insurance products with the local bank that offers no added security also may not be the most cost effective or best decision for optimal returns.  Convenience certainly has value, just not that much.

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