When it comes to bank deposits, $250,000 is the key number experts are talking about in light of recent financial shocks in the banking sector of a severity not seen since the Financial Crisis. That ...

The news of the closure of three banks in 2023 has sent shockwaves across the financial world. As customers of these banks scramble to secure their savings and investments, it is helpful to remember ...

The FDIC is an independent government agency headquartered in Washington, D.C. that oversees the banking industry. Its primary duty is to insure deposits at U.S. banks. The FDIC also supervises and ...

Almost every funded trust has one or more bank accounts—checking, savings, money market or certificates of deposit—and most of those accounts are insured by the FDIC. What many do not realize is that ...

Most certificates of deposit (CDs) are insured by the Federal Deposit Insurance Corporation (FDIC) if they’re issued by a member bank. That means your money is protected up to $250,000 per depositor, ...

Recent FDIC coverage changes limit the number of beneficiaries Timing is everything, and the day after my interview with Becker, 89-year-old “Martha” phoned my office, upset. “Mr. Beaver,” she said, ...

The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money in a bank should it fail. Deposits are insured for up to $250,000 per depositor, per ...

There are a lot of people — especially older Americans — who do not trust or just do not want to have their retirement funds at risk of loss in the stock market. And so they place their money in ...

Keeping your money secure in today’s financial landscape should be a top priority. While bank failures are uncommon, they’re far from rare. And depending on your appetite for the fluctuations of the ...