How safe is my money?
Most banks and savings institutions are federally insured. The Federal Deposit Insurance Corporation (FDIC)
protects bank and savings association depositors up to $100,000 at each institution. FDIC-insured institutions must display an official sign at each teller window or teller station. You can also verify whether an institution is FDIC-insured by searching insured banks on the FDIC's website or calling the FDIC's Division of Compliance and Consumer Affairs (DCA) toll-free at 800-934-3342
. It is recommended that you always open an account in a federally insured bank to ensure the safety of your deposits.