"Ensuring the Safety of Your Bank Deposits: What You Need to Know"
TL;DR
The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, may have you worried about your money. Nearly all banks are FDIC insured, and if your money is in a bank insured by the Federal Deposit Insurance Corp. and you have less than $250,000 there, you'll get your money back if the bank fails. Federal officials have been taking steps to make sure other banks aren’t impacted.
Topics:businessfinance#bank-failures#fdic-insurance#finance#financial-institutions#signature-bank#silicon-valley-bank
- Is my money safe? What you need to know about bank failures The Associated Press - en Español
- How to Safely Store Deposits If You Have More Than $250000 Bloomberg Quicktake
- Is My Money Safe? Here's What Is Covered, and How You Can Do More. Yahoo! Voices
- Banking Is Always a Risky Business - WSJ The Wall Street Journal
- Is my money safe? Here’s what is covered, and how you can do more. The Seattle Times
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on The Associated Press - en Español