With even the once-mighty banks needing government assistance in riding out this crisis, consumers are driven to ask: Is my money still safe in the bank?
Before you go taking out all your money from the bank and stashing it under the mattress, you first need to know the basics of your deposit insurance. While the knowledge that your money is secure may not be enough to keep you sleeping soundly at night, at least that’s one less thing to worry about amidst the economic uncertainty.