Explainer - How your bank deposits are (and aren't) protected
Share:
WASHINGTON (Reuters) - In the United States and many other countries, the government guarantees a certain amount of each customer's deposits in the event of a bank failure, to protect both consumers and the broader financial system. Many other investments, such as stocks, annuities or mutual funds, are not protected from losses. With the U.S. economy under threat of a recession, here's the state of play for banks in the United States:WHAT IS THE U.S DEPOSIT INSURANCE LIMIT?Currently, the Federal..