The Federal Deposit Insurance Corporation (FDIC) is a government organization that provides insurance on deposited funds in U.S. banks. Since the inception of the Federal Deposit Insurance Corporation (FDIC) in 1933, no depositor has lost a penny of FDIC-insured funds as a result of a failure1.
For information about FDIC insurance and tips on how to protect your money, visit:
The holiday season often means shopping for gifts. Here are some tips to keep in mind when shopping online.
Banking 101: Simple and Compound Interest Explained
Interest is what a financial institution may pay when you deposit money in a savings account or certificate of deposit (CD) and what you pay to a lender when borrowing money or using a credit card. There are two common types of interest calculations used in banking – simple interest and compound interest.
Considering a Mortgage? Think Beyond the Rate to Avoid Surprises
The interest rate on your mortgage is an important consideration that has an impact on your monthly mortgage payment. Here are some other important factors to help you prepare to apply for a mortgage and avoid surprises.