Wednesday, January 04, 2017


  • FDIC program (Federal Deposit Insurance Corp.)
  • FDIC is a federal agency that protects depositors at its member banks, brokerages, 
  • up to 100,000 (10 萬) of ur combined deposits in checking and saving accounts is fully insured. This insurance is per institution. If u have  100,000 at one institution and 100,000 at another, ur combined 200,000 is fully insured. They must be entirely different institutions or credit unions, not different branches of the same institution.
  • in addition to ur individual coverage, u can also have a combined 200,000 in an account u own with someone else, eg., a spouse or a partner. That 200,000 breaks down into 100,000 of insurance for each of you
  • If u have an IRA (individual retirement account) at an insured bank or credit union, those retirement assets are covered for up to 250,000 (25萬)
  • IRA insurance is only for certain types of accounts u can buy through a bank, credit union, or brokerage firm, such as money market deposit accounts (MMDAs) and certificates of deposits (CDs). It doesn't over any stocks or stock mutual funds that u may have purchased through them.
  • Deposits are insured. Investments are not insured. 
  • Insured---deposit accounts (including checking account), saving account, money market deposit accounts (MMDAs), certificates of deposit (CDs)
  • Not insured---stock mutual fund, bond mutual fund, individual stock, individual bond, money market mutual fund, 
  • money market mutual fund (MMMF) is different from money market deposit account (MMDA)
  1. money market mutual fund (MMMF) is a product created and run by a fund company, not a bank, thus no insurance program
  2. bank money market deposit account (MMDA) is fully insured as long as u meet the deposit limits

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