Is my money insured by the FDIC?

Yes, your money is insured by the Federal Deposit Insurance Corporation (FDIC). As a member of the Hudson City Bancorp, your deposits are backed by the full faith and credit of the United States government through the FDIC. The FDIC provides deposit insurance coverage up to $250,000 per depositor, per insured bank, for each account ownership category. This means that if Hudson City Bancorp were to experience financial difficulties, your deposits would be protected up to the insured limit. It is important to note that not all products and accounts are fully insured, such as investments in non-deposit securities. However, for traditional deposit accounts such as checking, savings, and certificates of deposit, your money is securely insured by the FDIC.