FDIC Insured Account

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Definition of 'FDIC Insured Account'

An FDIC-insured account is a bank account that is protected by the Federal Deposit Insurance Corporation (FDIC). The FDIC is a federal agency that insures deposits in banks and savings institutions up to $250,000 per depositor. This means that if your bank fails, the FDIC will reimburse you for your lost deposits up to the insured amount.

There are a few things to keep in mind about FDIC-insured accounts. First, not all bank accounts are FDIC-insured. Only deposits in banks and savings institutions that are members of the FDIC are insured. Second, the FDIC only insures the principal amount of your deposits, not any interest or other earnings. Third, the FDIC does not insure against losses due to fraud or theft.

If you are looking for a safe place to store your money, an FDIC-insured account is a good option. However, it is important to remember that FDIC insurance is not a guarantee that you will never lose your money. Banks can still fail, and the FDIC may not be able to reimburse all depositors in the event of a bank failure.

Here are some additional resources that you may find helpful:

* [FDIC website](https://www.fdic.gov/)
* [FDIC brochure on FDIC insurance](https://www.fdic.gov/consumers/brochures/deposits/insured/index.html)
* [FDIC FAQ on FDIC insurance](https://www.fdic.gov/consumers/faq/deposits/insured/index.html)

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