Skip to content
Sign In Subscribe
The New York Times — Business — Financial Protection — Banking and Financial Institutions — Stocks and Bonds — Personal Finances

Is My Money Safe? Here’s What Is Covered, and How You Can Do More.

The F.D.I.C. offers $250,000 of insurance per depositor, per bank and the SIPC generally covers up to $500,000 of securities and cash. It is wise to have two cards with different companies if you can qualify for that much credit.

1 min read
  • Customers of Silicon Valley Bank and Signature Bank are not going to lose any of their deposits.
  • The F.D.I.C. offers $250,000 of insurance per depositor, per bank.
  • Joint accounts offer up to $500,000 in coverage.
  • The SIPC generally covers up to $500,000 of securities and cash (including a $250,000 limit for the cash component).
  • It is wise to have two cards with different companies if you can qualify for that much credit.
Is My Money Safe? Here’s What Is Covered, and How You Can Do More.
The F.D.I.C. and other entities will protect most people’s bank and brokerage balances. But it’s as good a time as any for consumers to create other backstops.
The New York TimesBy Ron Lieber and Ta

More in Business

More from The New York Times

Latest