Why Federal Insurance Coverage Is Important

There were 4 bank failures in 2023 as of July 28. (Total amount of deposits between those 4 banks was over $368,030,000.
The Federal Deposit Insurance Corporation (FDIC) insures deposits in member banks up to $250,000 per ownership category or tax ID.

Working capital demonstrates a business's ability to fund its operations and pay its short-term expenses. When a business has enough liquidity to pay its short-term debt, accounts payable, and any other costs due within one year, it is functioning well and generating enough liquidity from its business operations to cover its costs. A los

Working capital demonstrates a business's ability to fund its operations and pay its short-term expenses. When a business has enough liquidity to pay its short-term debt, accounts payable, and any other costs due within one year, it is functioning well and generating enough liquidity from its business operations to cover its costs. A loss in working capital can cause a business to fail.
By protecting your savings, you and your family have the opportunity to prepare for the future, such as growing your retirement savings account or saving for your children’s higher education expenses. A loss in savings can be devastating for a family.

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