What does "Not FDIC Insured" & "No Bank Gurantee" mean?

US Bank has the following on its website in light print.
Investment Products: Not FDIC Insured & No Bank Guarantee & May loose value. But what if I just want a checking and savings account...isn't that FDIC insured automatically at any bank? I mean isn't htere a guarantee that they are not going to loose your money?

Banks offer both FDIC-insured accounts and investment products that are not FDIC-insured. You're looking at the investment products.

FDIC only covers certain kinds of accounts.
Checking and savings are covered.

Mutual funds are not.

if it is a legitimate bank it should be FDIC insured. If it says it isn't I wouldn't put my money in that bank.... if it isn't insured and that bank goes out of business(which doesn't happen these days, think depression era) then you loose your money with that bank.

Checking and savings accounts are not investment products. Investment products are like stocks and bonds. Talk to a rep at US Bank

Tags

　　Investment Company 　　Investment Calculator 　　Investment Bank 　　Investment Advice 　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund

Related information

What is Reliance Money?

Reliance Money is an endeavour to change the way India trades in financial markets and avails of various financial services. Reliance Money ensures maximum security with a unique security token to ...

What would you do with 20k in savings?

Put 1/2 in a 12 month cd, and 1/2 in a money market account. GMAC pays 4.7% money market with checking for withdrawals. 12 month cd pays 5.2% APR www.GMAC.com

...

What is the best way to have money grow in 3 years?

if you live in california there is a 529 plan which is specifically dealing with helping save money for college. look into it. there are tax benefits, but those would be best for your parents. the...

What should I do? Having problems with an old debt and need advice.?

as far as i know, in the state of texas you cant be sued for credit card debt. find out when you made the last payment, because the 7 year statute of limitations starts then (even if you pay after...

How do I buy american company stocks? I don't live in the US and I am not a US citizen.?

I believe that you do not have to be an American to invest in American stocks. First get a stock broker, you may want one in your area so you can meet with him and talk about your financial goals. ...

Beware of sites like ptr-enterprises, they are cheats and pays nothing, even if u become member, u will loose?

thanks for your advice

...

Common Queries pertaining to trading Stock market?

If you want a quick return on your money then trading in cfd,s is the way to go. You dont actually buy shares as such but buy a contract on the assets. You then earn or lose money on the openin...

Fedex Stock???

Depends on your time horizon really ... for the rest of your life I see FDX as a great stock in a near duopoly. For the next 12 months though FDX could go lower due to a slowing economy that r...