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The money you have in the bank is insured up to the FDIC limit of $250,000. However, if you bank with a bank that is chartered in the state of Massachusetts, it likely has additional insurance in the form of DIF. DIF will cover all deposits over the $250,000 FDIC limit. Since 1934 no one, with money on deposit in a Massachusetts chartered bank, has lost a dime due to a bank going bankrupt. ##boston##ma##fdic##dif##insurance##personalfinance##svb##bankrun##banks
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💰 Traditional Savings vs. High-Yield Savings Account 💰 If your money is sitting in a traditional savings account earning pennies, it may be time for an upgrade. 📈 High-Yield Savings Accounts can help your money grow faster without taking on stock market risk. ✅ Traditional Savings: • Easy access at local branches • Familiar and convenient • Great for everyday banking ✅ High-Yield Savings: • Higher interest rates • Faster savings growth • FDIC-insured at most institutions The difference betwee
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building financial literacy means you’ve probably run into the term, “FDIC INSURED” & been like 🤨🤨🤨🤨 ✨ creating financial confidence means baby steps, understanding one small term at a time!✨ #personalfinance #financialliteracy #fdic #financialfreedom #financialconfidence Ty @sephora
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Does this actually work? . . . . Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC. The Current Visa® Debit Card, which may be issued by Choice Financial Group and/or Cross River Bank, and the Current Visa® s
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