Let’s be frank: If you have a US bank account, hearing about bank failures in the past couple of months hasn’t felt great. After all, a bank is supposed to be the safest, most boring place to ...

Bank failures can be alarming, but the safeguards in place can provide peace of mind. We explain what happens to your money if your bank fails and how federal insurance protects your deposits.

That’s far from ideal, it means banks can collapse due to the snowballing emotions of the crowd, and it’s why deposit insurance was established. With deposit insurance if you have under ...

Cash deposits in checking, savings, CD and money market accounts are covered by FDIC insurance. You’re covered per depositor up to $250,000 per ownership category at each bank. For example, if ...

If you are fortunate to have more than $250,000 stored at a single bank, review just how much of your money would be covered by FDIC insurance should your bank ever fail.