Are Your Bank Deposits Safe?

Recent bank failures have raised questions about the safety of savings accounts.

In this episode of The Road to Financial Empowerment, we separate fact from fear and explain how FDIC and NCUA insurance protections work — and what they actually cover.

Understanding deposit insurance is essential during uncertain economic times.

What You’ll Learn

• What the FDIC is and how it works

• How deposit insurance protects up to $250,000 per depositor

• The difference between banks and credit unions

• What NCUA insurance covers

• What happens during a bank failure

• Strategies to protect savings above insured limits

• The risks and realities of keeping cash at home

• Alternatives like money market accounts and CDs

Why This Matter ...