The Latest Breaking News from FDIC

A basic savings account provides a safe place to keep your cash (and earn some interest, too)

After a bank fails, it doesn’t just close up shop. In most cases, the moment a failed bank closes, its assets and liabilities are placed into state or federal receivership. If it’s an FDIC-insured bank, and most U.S. banks are (check the FDIC's BankFind tool to see if yours is),…

Headquartered in Henderson, Nevada, Washington Mutual (WaMu) was America’s largest savings and loan association before it failed on September 25, 2008. It had assets of $309 billion, nearly half of which were connected to the housing industry. A bubble had formed in the housing sector, and as the ...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.18%. Stocks on Monday settled mixed. The strength in chip...

The National Credit Union Association, or NCUA, is an independent federal regulatory body responsible for overseeing the operations of credit unions, insuring credit union deposits, and protecting credit union customers in the United States. Part of the NCUA’s function is to monitor the credit ...

Rising interest rates have given a lift to CD rates, making these higher-yielding savings accounts appealing to investors.

CDs offer a guaranteed interest rate and the safety of FDIC insurance protection, making them a good way to invest for your short-term needs. These three strategies will help you do it right.

The beleaguered financial institution faces new allegations that impact people who aren't customers of the bank this time.

IRA CDs can help retirees protect their savings in multiple ways.