Sign up ×
Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It's 100% free, no registration required.

I see a lot of banks offering rewards checking accounts (maintain the account in an active status by doing x transactions/month,direct deposit, paper less statements etc, in return you yearn high apy. apy varies month to month)

I see a few of them here

Are interest bearing rewards checking account FDIC insured ?

share|improve this question

1 Answer 1

Yes, any type of Deposit Account is insured, while any investment is not covered.

Accounts in banks are insured by the FDIC, accounts in credit unions are insured by the NCUA

share|improve this answer

Your Answer


By posting your answer, you agree to the privacy policy and terms of service.

Not the answer you're looking for? Browse other questions tagged or ask your own question.