Is your money safe if you are to deposit it in banks?
As long as the online bank is a member of the FDIC, the money
you deposit in your savings account is federally insured up to
$250,000. You can check the current FDIC status of the bank by
going to the FDIC website. Never open any bank account, online or
off, with a bank that is not an active member of the FDIC.
Related Q&A：
Is lobel financial a member of FDIC？Well, as far as I know, Lobel Financial is not a member of the FDIC. You know, that's a pretty important thing to consider when dealing with financial institutions. The FDIC membership provides a certain level of protection for depositors. But in the case of Lobel Financial, it doesn't have that. So, if you're thinking about doing business with them, you might want to think twice and do some extra research to make sure your money is safe.
