The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency that protects you against the loss of your insured deposits if an FDIC-insured bank fails. The funds in your Albert Cash and Savings account are insured by the FDIC through our partner banks, Sutton Bank, Coastal Community Bank, and Wells Fargo, N.A.
FDIC insurance covers depositors’ accounts at each insured bank, dollar-for-dollar, including principal and any accrued interest through the date of the insured bank’s closing, up to the insurance limit of $250,000 per depositor, per insured bank, for each account ownership category.
The FDIC does not insure money invested in securities with Albert Investments, LLC. For more information on FDIC insurance, please see our Terms of Use and FDIC insurance.