Don’t panic in this troubled financial turmoil,
Your accounts are insured up to $100,000 per person by FDIC (Federal Deposit Insurance Corporation), Federal deposit insurance protects the first $100,000 of deposits that are payable in the United States.
But, Never keep more than $100,000, including interest, in any FDIC insured account. (Note: For some retirement accounts, the limit vary ..check your bank)
You should check the FDIC’s online database of to check about your bank participation in this program. You can search for an institution by going to Bank Find formerly “Is My Bank Insured?”.