CDs at banks are FDIC-insured up to $250,000 per person, per bank. If your balance exceeds $250,000, you should consider spreading your funds across multiple banks to cover all of your funds.

As mentioned, CDs issued by credit unions are not FDIC-insured. However, most credit unions belong to the NCUA, which provides up to $250,000 coverage to CDs and other credit union accounts.

The lease that customers sign with the bank states safe deposit boxes are not guaranteed absolute safety. "It was a bank fire. It's something that I never even considered," said Hoiness.

In your answer, you made the statement, "Bank money market funds are not FDIC-insured." I don't know which bank you refer to, but I have four money market funds at four separate savings and loans ...

What this means is if you have less than $250,000 in your account at an FDIC-insured U.S. bank, you don’t need to live in a constant state of panic. Your money should be safe in the bank.

Between 2019 and 2023, Synapse funneled over $1 billion into Evolve but cracks emerged in 2022 and discussions about missing funds soon began. Mercury, another fintech using Synapse, began ...

FDIC insurance is backed by the full faith and credit of the U.S. government. The FDIC insures up to $250,000 per depositor, per FDIC-insured bank, per ownership category.

According to data from FedFis.com, just 139 of the nation’s 4,568 FDIC-insured commercial and savings banks and 4,572 credit unions insured by the National Credit Union Administration, work with ...

The FDIC also argued that the Caymans branch was not eligible for chapter 15 relief because it was not separately incorporated, but merely a branch of SVB, a California-incorporated bank in FDIC ...

If you're still not sure how much insurance coverage you have, read the FDIC's brochure "Your Insured Deposit." Get the most current edition, published in 1999, to reflect some rule changes.