The $250,000 cap. The FDIC’s push for special business payment accounts has not caught on yet on the Hill, but Democrats and Republicans are interested in raising the $250,000 cap, with some ...

According to the Federal Deposit Insurance Corporation, two banks have failed so far this year and five failed in 2023. So how can you trust that your money is safe in your bank? The FDIC helps ...

As long as you choose a financial institution backed by the NCUA or the FDIC, you can rest assured that your money is protected up to $250,000. Key TakeawaysThe NCUA provides federal insurance for ...

Deposit Insurance, Federal Deposit Insurance Corporation. Accessed November 18, 2024. SoFi Receives Regulatory Approval to Become a National Bank, SoFi. Accessed July 30, 2024.

FDIC is insurance provided by the federal government that protects deposits in U.S. banks up to $250,000. Here’s how it works.