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Will the FDIC cover me for just the face value of the CD, or also the interest?
For example, with a $10,000 CD that yeilds 5% percent interest, if the bank goes under, will the FDIC coverage provide me with just $10,000 for the CD, or $10,500 for the CD plus interest?

2007-09-10 12:58:02 · 1 answers · asked by Cactus Ed 2 in Business & Finance Investing

1 answers

The value, (including interest), of the CD at the time.
Any future interest not paid is not insured.
Max coverage.\. $100,000.00

2007-09-10 13:05:51 · answer #1 · answered by ed 7 · 2 0

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