Is my money insured by FDIC?
Asked 6 months ago
Yes, your money is insured by the Federal Deposit Insurance Corporation (FDIC). As an FDIC member bank, SkyLight Financial offers customers the peace of mind that their deposits are protected up to the maximum coverage amount allowed by law. FDIC insurance covers various types of deposit accounts, including checking, savings, and certificates of deposit (CDs). In the event of bank failure, the FDIC guarantees that each depositor will receive their insured funds, up to $250,000 per depositor, per account ownership category. This coverage protects against the loss of deposits, ensuring the safety and security of your money. Rest assured that SkyLight Financial prioritizes the financial well-being of its customers, backed by the stability provided by FDIC insurance.
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