Is My Money Safe in U.S. Banks After Banks Collapse? Yes - In the US, one of the first things you want to make sure of is that a bank is FDIC insured.

The US has had more bank failures than almost any other developed country in the world.

To keep you money safe only keep your money with institutions insured by the FDIC or NCUA.

If the bank goes under while you have money in an account, the US government will insure up to $250,000.

The National Credit Union Administration administers an insurance fund that is similar to the F.D.I.C.’s and has its own $250,000 limit.

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks.

There’s a misguided assumption that banking in the US must be safe. It is the world largest economy, right? But the 2008 financial crisis showed that impression is not necessarily accurate.