Sentences with phrase «deposit insurance»
Deposit insurance is a type of protection provided by the government to safeguard the money you put in banks. It means that if a bank fails or faces financial difficulties, the government will guarantee to reimburse a certain amount of your deposited money. Therefore, even if the bank encounters problems, you can still receive your money back up to a certain limit, ensuring the safety of your savings. Full definition
A downside of money market funds is they are not covered by federal deposit insurance.
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There would be no need for deposit insurance, because deposits are off of the bank's balance sheet.
Those liabilities are sticky only because of deposit insurance.
Just make sure you stay within deposit insurance limits: usually $ 100,000 per institution.
Security deposit insurance exists, but it's not renters insurance and it doesn't protect you.
Your account is not covered by any government - backed deposit insurance scheme.
Risk management for my fixed income funds involve ensuring that it is held in a financial institution that has government deposit insurance.
Consumers expect their deposits to be protected from bank defaults, and it's actually harder to find an institution operating without deposit insurance than it is to find one that's covered.
A bank account is highly liquid and carries no risk of capital loss - as long as you're within deposit insurance limits.
Security deposit insurance exists, but it's not renters insurance and it doesn't protect you.
In addition — and this is the worst part for many people — the security deposit insurance company can then sue you for the money they paid out for the damage you caused!
On the most basic level, asset protection can include simple safeguards such as deposit insurance on bank accounts and the equivalent for brokerage accounts.
But that's just an argument about why deposit insurance is important, not why it's not bought on the private market.
After asking a series of questions, the app tells you how much deposit insurance you have, and provides an explanation if coverage is denied.
Unlimited 100 % deposit insurance produces huge moral hazard.
Some way of rolling back and ultimately ending federal deposit insurance must be found.
Thus it is imperative for Chinese officials to provide certain form of deposit insurance or guarantee since these currency forms shall not maintain any traditional bank account.
In addition — and this is the worst part for many people — the security deposit insurance company can then sue you for the money they paid out for the damage you caused!
The FDIC will present four seminars on FDIC deposit insurance coverage for bank employees and bank officers between May 24 and November 26.
Note: The FDIC deposit insurance coverage remains at $ 250,000 until 2013.
Although the state insurance guaranty system operates differently than the FDIC's federal deposit insurance program, it's similar in that it provides a safety net of sorts for owners of insurance policies and annuities in the event an insurer becomes insolvent.
After the unseemly bankruptcy of the Espirito Santo Group and the associated bank, then Portugal's second biggest (likely a result of not praying enough, see: «Big Portuguese Bank Gets Into Trouble» and «Fears Over Banco Espirito Santo Escalate» for the gory details), Portugal's state - run deposit insurance fund basically ran out of money.
Street Capital's GICs are eligible for deposit insurance protection from the Canadian Deposit Insurance Corporation (CDIC).
The Deposit Insurance Corporation of Ontario (DICO) is a Provincial Agency providing deposit insurance protection for members of Ontario Credit Unions and caisses populaires.
In contrast, accounts that guarantee at least the return of your original balance — like certificates of deposit or money market accounts — are always covered, as long as the issuing bank or credit union participates in deposit insurance.
These types of GICs may offer a small amount of guaranteed interest, but they are appealing because they come with deposit insurance up to a limit and provide an opportunity for a much higher return if the market does well.
Additional information on deposit insurance coverage can be found in the Your Insured Deposits brochure.
6There is a maximum of $ 150,000 of deposit insurance from the FDIC for combined deposit account balances in each category of account ownership.
Advantage of a market place such as Bitcoin.de: your funds always remain on your own bank account covered by statutory deposit insurance.
CSA Travel Protection continues to develop innovative products for the vacation rental market, launching security deposit insurance which as an alternative to the traditional security deposit, allows renters to insure against accidental damage and rids owners of the hassle of taking and refunding deposits.
They are offered by subsidiaries and can be used to work around the $ 100,000 CDIC deposit insurance limit.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST - BEARING TRANSACTION ACCOUNTS By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest - bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
RECO has a consumer deposit insurance program that provides coverage up to $ 100,000 per claim in the event of fraud, insolvency or misappropriation of funds.
Note: Naming beneficiaries on a retirement account does not increase deposit insurance coverage.
According to the FDIC, «The standard deposit insurance coverage limit is $ 250,000 per depositor, per FDIC - insured bank, per ownership category.»
Progress in a few areas has been solid: slashing of bureaucratic red tape has led to a surge in new private businesses; full liberalization of interest rates seems likely following the introduction of bank deposit insurance in May; Rmb 2 trillion (US$ 325 billion) of local government debt is being sensibly restructured into long - term bonds; tighter environmental regulation and more stringent resource taxes have contributed to a surprising two - year decline in China's consumption of coal.
«Recent progress in risk reduction should be matched by steps towards risk sharing through a credible common fiscal backstop for the Single Resolution Fund and the introduction of a European deposit insurance scheme,» the ECB said.
Under normal conditions Iceland, a prospective EU member that had signed up to European deposit insurance rules, would have availed itself of the right to settle with depositors in an orderly manner.
Second of all, I know there were lots of bank failures in the 1930's which led to the creation of the FDIC, but my question is, why didn't banks buy private deposit insurance before the FDIC?
The current German deposit insurance is the GBP equivalent of 100,000 $
In other words, Seabright conjectured that the financial system could be made more stable by having bank customers play a more active role alongside regulators in monitoring financial institutions by reducing / removing deposit insurance, thereby giving them more «skin in the game».
Saying the process was taking too long, Wal - Mart pulled the plug on its effort to launch an industrial loan corporation, a state - chartered bank that receives federal deposit insurance through the Federal Deposit Insurance Corp..
The Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Share Insurance Fund (NCUSIF) provide individual depositors with deposit insurance up to $ 250,000 backed by the full faith and credit of the United State Government (same insurance, different agencies).
I am particularly interested by Professor Keen's reference to neoclassical economists blaming deposit insurance for the existing financial crisis.
The FDIC deposit insurance system worked so well that most people's deposits were completely unaffected by the collapse of the banks that held them.
The US government responded by extending insurance for money market accounts analogous to bank deposit insurance via a temporary guarantee [235] and with Federal Reserve programs to purchase commercial paper.
A federal Crown Corporation providing deposit insurance against loss (up to $ 60,000 per depositor) when a member institution fails.
During this period, the Federal Deposit Insurance Corporation (FDIC) and the state deposit insurance agencies found it increasingly difficult to identify acquirers for the growing numbers of failed institutions.
Germany and other northern European countries see the cleaning up of euro zone banks» balance sheets as a necessary precondition to a pan-European deposit insurance scheme.