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Does the Federal Deposit Insurance Corporation (FDIC) insure the CD?

April 26, 2017Bank broker CD corporation deposit FDIC Federal Federal Deposit Insurance Corporation Insurance insure

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Does the Federal Deposit Insurance Corporation (FDIC) insure the CD?

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Make sure the FDIC insures the bank that issues your CD. This will protect your CD account from losses up to $250,000. If you are buying your CD through a brokerage firm, make sure the bank that issued the CD to the broker has FDIC insurance.