FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money ...
Bank networks, such as IntraFi Network Deposits and Impact Deposits Corp., can help spread excess deposits across multiple FDIC-insured banks for maximum coverage. Opening accounts with different ...
Credit unions also offer insurance on MMAs and other deposit accounts, but the coverage is provided by the National Credit Union Share Insurance Fund, which is administered by the NCUA.