FDIC insurance
Federal insurance on bank deposits up to $250,000 per depositor, per bank, per ownership category.
If the bank fails, you get your money back. Credit unions have the same cover through the NCUA.
Federal insurance on bank deposits up to $250,000 per depositor, per bank, per ownership category.
If the bank fails, you get your money back. Credit unions have the same cover through the NCUA.