With the state of the banking industry these days, you can never be too sure if a bank you’re thinking about putting your hard earned money in is actually insured. The best way to do this is to use the FDIC’s Bank Find tool to confirm the bank is who they say they are (or the NCUA tool for credit unions). You will want to check the website URL to see that it matches what’s listed on the FDIC site as well.
If it seems too good to be true, double check. (heck, if it seems perfectly fine, double check anyway)
Tags: FDIC, NCUA
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