Is my money insured by the FDIC at Lone Star Bank?
Yes, your money is insured by the Federal Deposit Insurance Corporation (FDIC) at Lone Star Bank. The FDIC provides deposit insurance coverage up to $250,000 per depositor, per account ownership category. This means that if Lone Star Bank were to fail, your deposits would be protected up to the specified limit. It is important to note that all types of deposits, such as checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts, are covered by FDIC insurance. The FDIC has a long history of safeguarding customers' deposits and promoting confidence in the banking system. Rest assured that your money is securely insured by the FDIC at Lone Star Bank.
Answered May 3, 2024
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