What are some of the advantages and disadvantages of choosing a federally insured account.?

the advantages of the federally insured account is that

- it's generally safer because it's protected by the Insurance made by the federal government, In case the account is stolen, the government would return the amount,

- It's easier to make joint account if you're married.

The disadvantages is that:

- The interest of a federally insured account usually below the inflation rate. So technically the value of your account would reduced over time.

- it has a maximum amount of $ 250,000. You can put more to the account.

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explanation:

we're are the selections to pick from?