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For 20 years, GOBankingRates has been a trusted leader in providing personal finance advice and information. Our commitment to free access and continuous innovation means we offer expert insights and top-quality financial products to help our audience Live Richer™.
Our editors are committed to bringing you unbiased ratings and information. Our editorial content is not influenced by advertisers. We use data-driven methodologies to evaluate financial products and companies, so that all are measured equally.
Best Checking And Savings Accounts of {{current_month-name}} 2024
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Frequently Asked Questions
- Is my money safe in the bank?
- Yes! National banks are insured by the Federal Deposit Insurance Corporation (FDIC) which protects up to $250,000 per person per institution. So for any event that may affect a financial institution’s health or viability, whether a natural disaster or default, a customer’s money is insured through this federally regulated mandate.
- Is my money safe in the bank during a recession?
- Yes. Any money you have deposited into a checking, savings or another type of bank account is safe during a recession. Major banks are FDIC insured therefore you are covered for the full balance of your account typically up to $250,000.
- Which is the safest bank in the world?
- Since all major banks are insured by the FDIC, all rank similarly when it comes to safety. The FDIC insures up to $250,000 per person per account and per bank. This is the same cap for a credit union, though they are insured under the National Credit Union Administration.
- What’s the No.1 bank in America?
- Based on the number of branches and ATMs available as well as customer service hours and products offered, Chase Bank is the No. 1 largest bank in the U.S. with a presence in nearly all 50 states as well as a network of 16,000 ATMs.
- What are the top 10 biggest banks?
- The Federal Reserve regularly reports on the biggest banks in America, determined by the number of branches/ATMs available as well as services provided for customers. With that in mind, the top 10 currently include, in alphabetical order: Bank of America, Capital One, Chase Bank, Citibank, Goldman Sachs, PNC Bank, TD Bank, Truist Bank, U.S. Bank and Wells Fargo.
The GBR Promise
For 20 years, GOBankingRates has been a trusted leader in providing personal finance advice and information. Our commitment to free access and continuous innovation means we offer expert insights and top-quality financial products to help our audience Live Richer™.
Our editors are committed to bringing you unbiased ratings and information. Our editorial content is not influenced by advertisers. We use data-driven methodologies to evaluate financial products and companies, so that all are measured equally.
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