"Ensuring the Safety of Your Bank Deposits: What You Need to Know"

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.