Tips on Investing in Nondeposit Products that are not FDIC-Insured

Some banks sell nondeposit investment products (such as mutual funds, annuities, and stocks). Since the FDIC does not insure these products, keep the following tips in mind to protect your money.

How to Protect Yourself

• Before investing in nondeposit products, remember to have enough emergency savings (many financial experts suggest you have 2-6 months of expenses in a savings or other readily accessible account).
• Never invest in a product you don’t understand.
• Be sure you have enough information before making an investment. Ask questions until you are satisfied.
• Investments always have some degree of risk. Understand the risks before investing.
• Be sure your sales representative knows your financial objectives and risk tolerance.
• Find out more about your registered sales representative or broker/dealer by calling: National Association of Securities Dealers at: 1-800-289-9999.