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How Does SIPC Protection Compare with FDIC Insurance?

April 26, 2017compare FDIC Insurance sipc

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How Does SIPC Protection Compare with FDIC Insurance?

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The Federal Deposit Insurance Corporation (FDIC) protects deposits up to $100,000 in most, but not all, U.S. banks and savings associations in the event that the institution becomes insolvent. FDIC does not cover securities, mutual funds or similar types of investments. For further information about FDIC insurance, see www.fdic.