The Federal Deposit Insurance Corporation (FDIC) ensures the safety of cash deposited in insured banks, providing a protection of up to $250,000 per account in the case of a bank failure.

That means federal deposit insurance will protect your money if the bank fails. Here's how it works and what it does -- and doesn't -- cover.

Project 2025, however, does not explain what this would mean for the FDIC’s responsibilities and functions, and it’s unclear if government-backed deposit insurance would be reduced or fully ...