Is all the saving accounts at citibank FDIC insured?

Question

I have my life saving put in to a saving account at citibank. It is not a Big amount of money but it is a lot of money for Me. If the bank goes bankrupt or anything am I going to loose it? Does the FDIC insure all the saving accounts?

Answer 1

Yes, up to a maximum of $100,000.00.  The federal government guarantees all banks that are FDIC insured up to that amount.

Answer 2

Yes.  Citi is too big not to be FDIC insured.  If it was a smaller unknown bank I would suggest looking for the FDIC logo.  Keep each account under $100,000.  Also  look around (and ask around) for the best AYP to make sure your money is safely making you the most amount of money possible

Answer 3

Yes if under $100K

If more, then split up accounts into $90K amnts

Answer 4

Yes, up to $100,000. If you save up more than that, open up another account with another bank. I suggest www.ingdirect.com

You can link it up directly to your Citi checking account as I do. And they pay a good interest rate.

Answer 5

All banks operating in the United States are required by law to be FDIC insured. If a bank is operating without FDIC insurance, it is operating illegally.

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Answer 6

Yes, they are insured.

BUT, will you count on insurance when you're in a panic?

Is even a minute thinking your money might not be there at your disposable worth it? Yes, your money will eventually be in your hands, but there's no guarantee "when".

If you can't afford the risk, there's nothing wrong with cashing out what you immediately need (or what you can afford to keep yourself). My friends have thanked me for suggesting that, and they're happy to know they have they money accessible at all times.

Can you afford to be wrong? You decide (I can certainly take your ridicule if I'm wrong).