Most money market accounts come with federal insurance, protecting deposits against bank and credit union failures. Compare money market rates and features to determine whether op ...

These accounts are federally insured for up to $250,000 per account owner, per financial institution, per ownership category ...

But federally insured accounts remain safe. April 23, 2025. 5 min. Summary ... The standard coverage is $250,000 per depositor, per insured bank, for each account ownership category.

FDIC insurance covers up to $250,000 on individual deposit accounts in the event that the bank fails. That’s why many people prefer to keep their bank account balances under $250,000 .

Accounts with a bank are insured by the Federal Deposit Insurance Corp. (FDIC), while credit union accounts are insured by the National Credit Union Administration (NCUA).

Joint bank accounts have more federal insurance coverage than individual accounts. Co-owners receive as much coverage as they would in an individual account, $250,000.

Since the collapses of Silicon Valley Bank and Signature Bank, coverage from the Federal Deposit Insurance Corporation (FDIC) has been in the spotlight. The FDIC protects up to $250,000 per ...

In individual bank accounts, you are insured for up to $250,000. In your joint bank accounts, each person is insured for up to $250,000. What happens to your money Immediate steps after a bank failure ...

Deposit at least $4,000 and maintain a $25 balance at this high-yield savings account at BrioDirect, an online brand of Stamford, Connecticut-based Webster Bank, and you’re eligible for 5.35% APY.

The bottom line. The FDIC insures your deposits up to $250,000 per account type and ownership type at an FDIC-insured bank. This protection can give you peace of mind even if your bank fails.

FDIC insurance is a type of deposit insurance that can protect you if your federally insured bank fails. If you bank with a federally insured credit union, your deposits are covered by the NCUA.