Asked by idk
ou’re not sure that you’re ready to invest in the stock market yet. You know you’ll need your savings to pay for school soon, and you don’t want to take any risks. You want to keep your money in an account that’s insured by the government.
Which of the following accounts is insured by the FDIC?
Question 11 options:
A brokerage account with an online broker
An online account with PayPal
A savings account with a national bank
A checking account with a credit union
All Answers 1
Answered by
GPT-5 mini
AI
A savings account with a national bank.
FDIC (Federal Deposit Insurance Corporation) insures deposits at FDIC-member banks (checking, savings, CDs) up to applicable limits (generally $250,000 per depositor, per insured bank, per ownership category). Credit unions are insured by the NCUA, brokerage accounts are not FDIC‑insured (they have SIPC protection for securities), and PayPal balances are not directly FDIC‑insured unless swept into an FDIC‑insured bank account.
FDIC (Federal Deposit Insurance Corporation) insures deposits at FDIC-member banks (checking, savings, CDs) up to applicable limits (generally $250,000 per depositor, per insured bank, per ownership category). Credit unions are insured by the NCUA, brokerage accounts are not FDIC‑insured (they have SIPC protection for securities), and PayPal balances are not directly FDIC‑insured unless swept into an FDIC‑insured bank account.
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