Splitting money across banks keeps every dollar under the $250,000 federal insurance limit
A single number governs how safe a bank deposit really is: $250,000. Federal Deposit Insurance Corporation coverage protects checking accounts, savings accounts, money market deposit accounts, and certificates of deposit up to that amount automatically at any FDIC-insured bank, with no application required. The tension shows up for savers who let one account grow past […]
Read MoreSplitting money across banks keeps every dollar under the $250,000 federal insurance limit
A single number governs how safe a bank deposit really is: $250,000. Federal Deposit Insurance Corporation coverage protects checking accounts, savings accounts, money market deposit accounts, and certificates of deposit up to that amount automatically at any FDIC-insured bank, with no application required. The tension shows up for savers who let one account grow past […]
Read MorePersonal Finance
Insurance & Protection
A brokerage account is protected up to $500,000 if the firm fails, separate from any FDIC bank coverage
When a brokerage firm collapses and cash or securities go missing from a customer’s account, the Securities Investor Protection Corporation…
Personal Finance
Insurance & Protection
A brokerage account is protected up to $500,000 if the firm fails, separate from any FDIC bank coverage
When a brokerage firm collapses and cash or securities go missing from a customer’s account, the Securities Investor Protection Corporation…
Markets & Investing
Banking & Credit Cards
Bank Accounts & Fees
Splitting money across banks keeps every dollar under the $250,000 federal insurance limit
A single number governs how safe a bank deposit really is: $250,000. Federal Deposit Insurance Corporation coverage protects checking accounts, savings accounts, money market deposit...
Fraud & Scams
A verbal password on a bank account blocks a caller who spoofs the bank
A phone rings with the bank’s own customer-service number on the display, and the caller already knows the account holder’s name and the last four...
Fraud & Scams
Fake security-alert scams are draining older Americans’ life savings, with reports of $100,000-plus losses up nearly sevenfold since 2020
Reports of business and government impersonation scams costing older Americans more than $100,000 apiece climbed nearly sevenfold between 2020 and 2024, according to a federal...
Fraud & Scams
State officials are warning that “tariff rebate” texts promising a $2,000 check are a scam, because no such payment has been approved
State officials in Idaho are warning residents that text messages promising a $2,000 “tariff rebate” check are fraudulent, timed to exploit real political chatter about...
Fraud & Scams
Comcast is paying Xfinity customers up to $10,000 over a data breach, or a flat $50 with no receipts, if they claim by September 14
Comcast will pay eligible Xfinity customers as much as $10,000 apiece, or a no-paperwork $50 flat rate, after a federal judge approved a $117.5 million...
Fraud & Scams
A my Social Security account guards against a scammer diverting your benefits
A free my Social Security account closes off a specific fraud pattern the Social Security Administration has warned about for years: an identity thief who...
Real Estate
Renting & Leasing
Renters can claim part of a $359 million RealPage rent-software settlement before January 29
A federal court in Nashville has cleared the way for renters nationwide to collect a share of $359,925,000 in cash…
Retirement & Taxes
Congress returns September 14 with four Social Security bills waiting, including plans to lift the payroll tax cap
Families who finalized an adoption in 2026 can claim up to $17,670, and part of it is refundable for the first time
Naming a representative payee lets a trusted person manage Social Security checks for someone who no longer can
In the year you retire, a monthly earnings test lets you collect a full Social Security check even after a high-earning start
Higher-income retirees pay an extra Medicare drug-plan surcharge set by their tax return from two years earlier