Is My Account FDIC Insured? And for How Much? [Infographic]

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Which Accounts are FDIC Insured and for How Much [Infographic]

Are your accounts and funds insured by the FDIC? If so for how much are they insured? Since the FDIC’s formation back in June of 1933, no investor has lost any of their funds insured by this independent federal government agency.

Which Accounts are FDIC Insured and for How Much

About the author:

Sean P. Egen

After realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.

This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.

What Is a Secured Credit Card & How Does It Work?

A secured credit card could be a good alternative to an unsecured card if you’re new to credit or trying to improve a poor credit history and are unable to qualify for an unsecured card. It can help you learn how to use credit wisely while building or rebuilding your credit.

Secured Credit Card Deposits

A secured credit card is a good way for those with little or no credit history to build credit. But there’s one major difference between a secured and an unsecured, or traditional, credit card. A secured credit card requires that some security, or collateral, be tied to it to minimize the card issuer’s risk. This collateral is in the form of a monetary deposit, which the card holder is required to make before they can start using a secured credit card. This deposit is typically equal to the credit limit of the secured credit card.

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Is My Account FDIC Insured? And for How Much? [Infographic]

What Is a Secured Credit Card & How Does It Work?

Secured Credit Card Deposits