FDIC

How experts say you can have bank deposits above $250,000 insured

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The collapse of Silicon Valley Bank and Signature Bank continues to prompt scrutiny of FDIC coverage limits, which are generally $250,000 per depositor. On Friday, President Joe Biden said the FDIC may guarantee deposits above $250,000 if further instability occurs. However, experts say it is possible to get more insurance on your deposits on your … Read more

Is my money safe? Here are the ins and outs of FDIC insurance

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The federal government helped Silicon Valley Bank and Signature Bank customers recover their funds this week, even if their deposits were uninsured. If other institutions fail in the future, customers may have to rely on FDIC insurance, Treasury Secretary Janet Yellen said this week. Importantly, FDIC insurance has limits. Here’s how to make sure your … Read more