What Is the Federal Deposit Insurance Corporation (FDIC)? The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that protects deposits in banks and other financial institutions.

The FDIC is an independent government agency headquartered in Washington, D.C. that oversees the banking industry. Its primary duty is to insure deposits at U.S. banks. The FDIC also supervises and ...

Officials from both parties are pushing to raise the FDIC insurance limit from $250,000 to $10 million. But not only millionaires would benefit. Money; Getty Images In a rare moment of bipartisan ...

Starting in October 2025, DriveWealth Bank Sweep Deposit Program customers’ cash will be automatically swept into a network of multiple FDIC-insured banks, “enabling coverage of up to $1 million per ...

Once your savings climb past $250,000, you are no longer just a diligent saver, you are managing a balance that interacts directly with federal insurance rules, bank risk and long term investing ...

SMB Banking Platform LiliSignificantly Raises High-Yield Business Savings Account to Earn 4.00% APY And Increases FDIC Insurance Coverage to $3M Lili’s Maximum FDIC Insurance Coverage Raised from $250 ...

HomeTown Bank, a relative newcomer to the Roanoke Valley banking scene, rolled out a new offer this week allowing customers to access up to $30 million in federal deposit insurance without having to ...

Last week, Treasury Secretary Scott Bessent and Senator Bill Hagerty (R-TN) took to The Wall Street Journal to defend their proposal for raising the Federal Deposit Insurance Corporation cap from $250 ...