One way to be sure that your money is safe in a savings account is that it is insured by the FDIC.
What is the FDIC?
- Stands for Federal Deposit Insurance Corporation.
- Insures deposits made up to $250,000.
If you see that your account is insured by the FDIC then you know it is safe because you are sure that the federal government will pay you in case the bank fails.
Find out more on the FDIC at https://brainly.com/question/2226371.
