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Response to Ferd Berfel (Original post)

Wed Dec 30, 2015, 11:09 PM

1. Banks may be safer than the stock market

FDIC insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account, savings account, money market deposit account (MMDA), time deposit such as a certificate of deposit (CD), or an official item issued by a bank, such as a cashier's check or money order.
FDIC insurance covers depositors' accounts at each insured bank, dollar-for-dollar, including principal and any accrued interest through the date of the insured bank's closing, up to the insurance limit.The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments are purchased at an insured bank.

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Arrow 20 replies Author Time Post
Ferd Berfel Dec 2015 OP
LineReply Banks may be safer than the stock market
safeinOhio Dec 2015 #1
leveymg Dec 2015 #3
safeinOhio Dec 2015 #4
leveymg Dec 2015 #5
hollysmom Dec 2015 #6
Nye Bevan Dec 2015 #8
hollysmom Dec 2015 #9
Nye Bevan Dec 2015 #10
hollysmom Dec 2015 #11
Nye Bevan Dec 2015 #13
rhett o rick Dec 2015 #17
Nye Bevan Dec 2015 #7
rhett o rick Dec 2015 #12
Nye Bevan Dec 2015 #14
jamzrockz Dec 2015 #15
safeinOhio Dec 2015 #20
GummyBearz Dec 2015 #19
leveymg Dec 2015 #2
pansypoo53219 Dec 2015 #16
Ferd Berfel Dec 2015 #18
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