What does "FDIC-insured" mean? Synovus Bank, a subsidiary of Synovus Financial Corp. (NYSE: SNV), is FDIC-insured. If an insured bank fails, FDIC insurance will cover deposits, dollar for dollar, up to the insurance limit.

How much of my money is insured? The basic coverage amount is $250,000 per depositor, per insured bank, for each account ownership category.

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