FAQ: Is my savings account protected?

Is my savings account protected? - Other Questions

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Credit Card Applications » Questions » User Questions » Other » Is my savings account protected?

Is my savings account protected?

Answered on October 26, 2018 | Updated on October 26th, 2018

Tags: Savings Account, Security

The content is accurate at the time of publication and is subject to change.

Yes. Banks insure your money through the Federal Deposit Insurance Corporation (FDIC). This means that even if the bank goes out of business, your money will be safe, and you will get them back. If you open a savings account in a credit union, your money will be insured by The National Credit Union Administration (NCUA).

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