The number of commercial bank branches regulated by the Federal Deposit Insurance Corporation has declined from a peak of near 83,000 in 2012 to less than 70,000 today, according to the FDIC. E-pay.

Your money is insured. CD accounts are insured for up to $250,000 by the Federal Deposit Insurance Corporation — or the National Credit Union Administration, if your CD is with a credit union.

The default cash sweep offers a competitive yield, but it’s a money market fund, so it’s not directly insured by the Federal Deposit Insurance Corp. (FDIC) like a bank deposit. Who It’s Best ...