Are my deposits insured by the FDIC?
Asked a year ago
Yes, your deposits at Franklin Bank are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects depositors in the event of a bank failure. It provides deposit insurance coverage up to $250,000 per depositor, per FDIC-insured bank. This coverage includes deposits in savings accounts, checking accounts, certificates of deposit (CDs), and money market accounts. It is important to note that the FDIC insurance only covers deposits, and not investments or other financial products. Franklin Bank is a member of the FDIC, and you can have peace of mind knowing that your deposits are safeguarded up to the maximum coverage limit provided by the FDIC.
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