ANSWERS: 2
  • Your deposits are Federally insured up to 100,000 dollars, so your money is as safe as the solvency of the Federal Government. make of that what you will.
  • In the United States, most bank deposits are guaranteed by the Federal Deposit Insurance Corporation (FDIC). http://en.wikipedia.org/wiki/FDIC Even if a bank closes, the bank depositors should get their money back. If a single branch of a bank is closed, there should be no effect on deposits. You can think of bank branches as 'retail stores' that all have the same access to the bank's money 'warehouse'.

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