Phrases with «insured bank»

An insured bank is a bank that has protection and coverage from losses. If something goes wrong, like the bank goes bankrupt or loses money, the government will pay back the customers who had their money in the bank up to a certain amount. This gives people confidence to keep their money in the bank knowing it's safe and protected. Full definition

bank (parent phrase)
insured (parent phrase)

insured bank

Sentences with «insured bank»

In the event of a bank failure, you're insured for up to $ 250,000 per insured bank, with the insurance applying to each ownership category. (humbledollar.com)
It sits in a low - risk account, such as a federally insured bank savings account, where it earns interest until funds are needed. (nationwide.com)
All of your single accounts at the same insured bank are added together and the total is insured up to $ 250,000. (onlinebanktours.com)
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Phrases with «insured bank»

Sentences with «insured bank»

See also