VU Resources

Federal Deposit Insurance

Because a bank deposit is a loan from the customer to the bank, like any loan or contract in general, it’s quite possible that the bank’s promise to repay the loan (forgetting about interest for the moment) will not be kept. That’s when federal deposit insurance steps in and here are the need-to-knows for this…

Blue piggy bank under red umbrella on wooden table with white wall background copy space. Savings money protection, money risk management, pension or retirement planning, wealth concept.