The FDIC was established in 1933 to protect deposit accounts in the event of a bank failure. FDIC-insured accounts are covered for up to $250,000 per depositor, per ownership category at an insured ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

Some of the largest bank failures in U.S. history happened within the last few years, most famously, Silicon Valley Bank’s collapse in 2023. The thought of your bank failing could be alarming, but if ...

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, ...

A: If your federally insured bank fails, the Federal Deposit Insurance Corporation seeks to keep your money safe. Specifically, the FDIC insures up to $250,000 per depositor, per institution, which ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...