|
FDIC Consumer News
Winter 2003/2004
Test Your Deposit Insurance IQ
2. If you picked "True" you are correct.
Historically, the FDIC pays insurance within a few days after a bank closing either by establishing an account at another insured bank or by providing a check. And remember that since the start of the FDIC in 1933, no depositor has ever lost a penny of insured deposits. Note: Deposits purchased through a broker may take longer to be paid because the FDIC may need to obtain the broker's records to determine insurance coverage.
Back to the Quiz
|
