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U.S. Banking Industry Updates
How Do Recent Failures, Mergers, and Takeovers Affect Me?
Questions and Answers from the American Bankers Association
If you have concerns about recent events in the banking industry, this Q&A from the American Bankers Association may answer your questions.
Download the PDF now.
Safety and Soundness of the Banking Industry
The American Bankers Association prepared this summary about the safety of deposits in U.S. Banks, outlining key issues you should be informed about.
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Understanding the Difference: Money Market Mutual Funds vs Money Market Accounts
Money Market Mutual Funds have been in the news a lot lately, but they are far different from the Money Market Accounts offered by Alaska Pacific Bank. These definitions provided by the American Bankers Association will clear up any confusion.
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FDIC Insurance Limits Permanently Increased
Your deposits at Alaska Pacific Bank are now permanently insured to $250,000 by the FDIC, backed by the full faith and credit of the United States government. Since the FDIC's creation in 1933, no depositor has ever lost even one penny of FDIC-insured funds. FDIC insurance covers all deposit accounts at Alaska Pacific Bank, including checking, savings accounts, money market deposit accounts and certificates of deposit (CDs) up to $250,000.
If you or your family have several accounts at Alaska Pacific Bank with a combined balance of more than $250,000, and you want to make sure you are covered, you can check your FDIC coverage by using an online tool called the Edie Estimator.
For other inquiries about your insured deposits, please contact Customer Service.
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