Is my money in Capital One 360 FDIC insured?
Asked 6 months ago
Yes, your money in Capital One 360 is FDIC insured. This means that if Capital One 360 were to fail, the Federal Deposit Insurance Corporation (FDIC) would protect your deposits, up to the maximum limit allowed by law. Currently, the FDIC insures deposits up to $250,000 per depositor. This coverage includes both the principal amount and any interest earned on your deposits. It’s important to note that this insurance applies to Capital One 360 accounts, including checking, savings, money market, and certificate of deposit (CD) accounts. With FDIC insurance, you can have peace of mind knowing that your money deposited with Capital One 360 is safe and protected.
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