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 Savings account are insured by the FDIC through
our partner banks, Wells Fargo, N.A. and Axos Bank.
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