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• Checking accounts, Negotiable order of Withdrawal or NOW accounts (checking accounts that earn interest), and Money Market Deposit Accounts or MMDAs (savings accounts that allow a limited number of checks to be written each month).
• Savings accounts that you can add to or withdraw from at any time.
• Certificates of deposit (CDs), which generally require you to keep funds in the account for a set period, perhaps from three months to five years. Money can be taken out Penny Stock Secrets beforehand if you pay an early withdrawal penalty.

So, what’s NOT insured by the FDIC that consumers often mistakenly believe may be federally insured if a banking institution is involved?

• The contents of safe deposit boxes. Even though the word deposit appears in the name, under federal law a safe deposit box is not a deposit account—it’s strictly a well-secured storage space rented by an institution to a customer. If you are concerned about the safety or replacement of items you put into a safe deposit box, ask your insurance agent whether your homeowner’s or renter’s insurance policy covers your safe deposit box against damage or theft.
• Losses due to theft or fraud at the institution. However, these situations often are covered by Trading Patterns special insurance policies that banking institutions buy from private insurance companies.

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