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What Is Retail Banking?

By Robin Hartill, CFPUpdated Oct 17, 2025 at 2:32 AM

Key Points

  • Retail banks offer accounts, CDs, and loans for personal financial management.
  • Deposits in retail banks are safe, insured up to $250,000 by FDIC.
  • JPMorgan Chase, a major retail bank, provides diverse services but lower interest rates.

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