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Silicon Valley Bank Crisis: Understanding Deposit Insurance

Manager of Financial Planning Andrew Busa takes a look at the recent bank failures, what it means to be FDIC insured, and how safe your money really is. Coming on the heels of the collapse of Silicon Valley Bank (SVP), it is important to understand what FDIC insurance covers (money market accounts for example) and what it doesn't cover (most investment products). Andrew also provides insight on how to check if your bank is insured and how to mitigate risk within the FDIC system. If you have questions for Andrew or the Adviser team, please send them to [email protected]. Disclosure: For informational purposes only; not intended as financial, tax, insurance or investment advice. Speak to your financial adviser or other licensed professional before taking specific action. Subscribe to Adviser: https://bit.ly/3SMnEPL Learn more about Adviser: https://www.adviserinvestments.com/    / adviserinvestmentsmedia     / adviser-investments     / adviserinvestments     / adviser_invest     / adviser_investments