Are my deposits insured by the FDIC?
Asked a year ago
Yes, all deposits made with Norwest Corporation are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum limit allowed by law. FDIC insurance guarantees that if Norwest Corporation were to fail, your deposits, including interest, would be protected up to $250,000 per depositor, per ownership category. This coverage applies to various types of accounts, such as checking, savings, certificates of deposit (CDs), and money market accounts. With FDIC insurance, you can have peace of mind knowing that your funds are safeguarded, regardless of any unforeseen circumstances that may arise.
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