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Does FDIC insurance cover accrued interest and premiums?

April 26, 2017accrued cover FDIC Insurance premiums

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Does FDIC insurance cover accrued interest and premiums?

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Both principal and interest are covered as long as the balance remains at or below the limit of $100,000 per depositor, per institution. When purchasing blocks of CDs, it is wise to purchase an amount just below $100,000 so that FDIC will cover the accrued interest.