The Federal Deposit Insurance Corporation (FDIC) is a federal agency that promotes public confidence and stability in the nation’s banking system.
That’s right … the FDIC’s primary role is to make us comfortable with the health of the banking system. It’s not to keep the banking system healthy or let us know when there are problems!
So that’s all the more reason you should check your bank’s financial health regularly, whether you have FDIC insurance or not.
Don’t like surprises?
Find out if your bank, credit union, and insurer are safe and financially strong.
