- Credit Suisse's financial troubles are causing anxiety for investors.
- FDIC covers up to $250,000 per depositor in qualified accounts at insured banks.
- Consider diversifying by spreading out deposits among multiple banks.
- Look at your bank's credit rating and confirm it is FDIC-insured.
- It's best to avoid making any drastic changes to your financial plan.
How to Protect Your Money With Banks Facing Turmoil
After the collapse of three US banks, trouble at Credit Suisse is fueling concerns about broader financial problems. Here’s what you can do.
Claire Ballentine
/cloudfront-us-east-2.images.arcpublishing.com/reuters/X2QWQ6CKCVKTFGKJHDSIAXMFFU.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HR7B6S6LINIDBBR5LYCLJF7UBU.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RCWZE2OK3BNCJNRVFOS74NYF7M.jpg)
