| Companies invest their money in the high interest | | | | not available for any financial investments like mutual |
| business savings account to get more returns for their | | | | funds, insurance, money market funds or credit unions. |
| investments. They feel bank is a safe place to invest | | | | As these investments generate high returns with high |
| their money. But there are times, when the banks do | | | | risk, this insurance is not available for these products. |
| not perform well and there is a chance of losing your | | | | Limits for FDIC insurance: |
| money. So it is better to invest your money in business | | | | There are certain limits set by the regulators for this |
| savings accounts or personal savings account which | | | | insurance coverage. The limit per depositor is $1,00,000 |
| has FDIC insurance coverage. | | | | per depositor. Some of the retirement accounts holded |
| If you invest your money in either business account or | | | | by the retired persons has a FDIC insurance coverage |
| other account with this type of coverage, even if the | | | | of $2,50,000. In 2008 due to mortgage crisis, the |
| bank fails, you will not lose your money. This type of | | | | insurance coverage is raised to $2,50,000 for depositor |
| coverage is available for the following products: | | | | in certain conditions till 2013. |
| - Business Savings Accounts | | | | Next Step: How to Invest the money in FDIC Insured |
| - Personal Accounts | | | | Accounts? |
| - Checking accounts | | | | You have to find the banks that offers accounts with |
| - Certificates of Deposit | | | | FDIC insurance. The details of the banks which offer |
| - Money Market Accounts FDIC insurance coverage is | | | | such accounts are available in related websites. |