When a bank advertises FDIC insured certificate of deposits and money market accounts, do they have to include the FDIC logo in the advertising for it to be true?
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When a bank advertises an insured deposit account such as a certificate of deposit or a money market account, by regulation they must show "Member FDIC" or something similar that is acceptable. Many banks offer non-deposit investment products today. These may look like bank deposits but they are not insured. When you ask about them or open an account, the bank will tell you, very clearly, that these are not insured, are not guaranteed by the bank and may lose value. This is what distinguishes the difference between FDIC insured and non-insured products.
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When a bank advertises an insured deposit account such as a certificate of deposit or a money market account, by regulation they must show "Member FDIC" or something similar that is acceptable. Many banks offer non-deposit investment products today. These may look like bank deposits but they are not insured. When you ask about them or open an account, the bank will tell you, very clearly, that these are not insured, are not guaranteed by the bank and may lose value. This is what distinguishes the difference between FDIC insured and non-insured products.
