Very rarely we get to say we have an exciting time in the world of finance, but last week we saw the failure of a bank… Silicon Valley Bank to be exact. Bank failures can feel scary to say the least, however, it is important to know the FDIC was designed for moments like this.
The FDIC guarantees deposits up to $250,000 per depositor, per insured bank. This means that if a bank fails, the FDIC will step in and ensure you get you money back (up to the insured limit that is.)
Listen to what Marion and Christian have to say in this week’s episode of Dollars & Sense to learn more.
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During Dollars & Sense with Freedman Financial, your host, Marc Freedman, may discuss specific financial planning and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations.
Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.