News and Features
No Safer Place for Your Money: "Depositors should understand that the chances of their bank failing are low, and even if their bank does fail, depositors have nothing to worry about," said Chairman Bair. "The FDIC fully guarantees their insured deposits and provides them with seamless access to their money. For the insured depositor, a bank failure is a non-event." Also in this issue are the articles on paying with plastic using debit cards, credit cards and prepaid cards. Another article offers five things to know about safe deposit boxes and home safes. The lastest issue can be read or printed online at www.fdic.gov/consumers/consumer/news/cnfall09.
Why the FDIC's Resources Are Strong and Insured Deposits Are "Absolutely Safe"
As bank failures are in the news, the Federal Deposit Insurance Corporation is helping consumers understand why, as Chairman Sheila C. Bair has said, "there's no safer place in the world for their checking, savings or retirement money." The Fall 2009 issue of FDIC Consumer News gives facts and figures explaining the agency's financial resources run deep and that insured deposits are fully protected.
