FDIC Insured Account.
The Federal Deposit Insurance Corporation (FDIC) is a U.S. government corporation providing deposit insurance to depositors in U.S. banks. The FDIC was created by the Glass-Steagall Act of 1933 during the Great Depression to restore public confidence in the banking system. FDIC-insured accounts are accounts that have been deposited with a bank that is FDIC-insured. … Read more