Posted in Web What is the FDIC, and how does it work? – Yahoo Finance February 8, 2025 The FDIC is an independent government agency that insures money people deposit at a bank. If the bank fails, the FDIC repays up to $250,000 per person, per ownership category at each… https://finance.yahoo.com/personal-finance/banking/article/what-is-the-fdic-and-how-does-it-work-102118542.html