Comment on Here’s What to Know If You’re Worried About Whether Your Money Is Safe in the Bank

Here’s What to Know If You’re Worried About Whether Your Money Is Safe in the Bank

The stunning collapse of two failing banks in the span of three days has many Americans wondering: Is my money safe? The government takeovers of Silicon Valley Bank (SVB) on Friday and Signature Bank on Sunday sent shockwaves across the banking system and financial markets—not least because both were respected banks that unraveled so quickly. But the short answer for the vast majority of Americans with bank accounts is that your money is safe and insured.

 

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