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Money Girl

FDIC and SIPC Rules–How Much Money Do They Protect?

Money Girl

Macmillan Holdings, LLC

Entrepreneurship, Education, Investing, Business, How To

4.61.8K Ratings

🗓️ 22 March 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Laura reviews what the FDIC does for depositors and how to make sure your money is always protected. You’ll learn how it compares to SIPC protection on certain investments.

Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey friends, and welcome back to the Money Girl podcast.

0:08.7

I appreciate you downloading the show.

0:10.6

My name is Laura Adams.

0:12.2

I'm an award-winning finance author who's been bringing you personal finance and small

0:16.2

business tips every week since 2008.

0:19.5

I also work with select brands doing on-camera and writing work as a PR spokesperson and consumer

0:25.4

advocate.

0:26.6

Here on the show, I cover a wide range of personal and small business topics like building

0:31.6

credit, dealing with debt, investing for retirement, owning real estate, paying taxes, insurance,

0:38.1

money management strategies, and so much more.

0:41.3

So if you're ready for more knowledge, resources, and motivation to manage money the best way

0:46.4

possible, and create a richer life, you are definitely in the right place.

0:52.0

Be sure to subscribe to the show, and I'd love you to participate by sending me your

0:56.6

money question or comment.

0:58.6

You can do that by calling 302-364-0308 and leaving a voice message 24-7.

1:07.4

And you can visit LauraDatams.com, that's my site where you can use my contact page to

1:13.6

email me and learn more about my work, books, and money courses.

1:18.9

Today's show was inspired by the recent collapse of several banks with significant exposure

1:26.2

to the technology sector, namely Silicon Valley Bank, or SVB, and Signature Bank.

1:33.2

SVB's downfall began when they announced they were looking to raise capital.

1:39.0

That set off alarm bells for their customers, which began a chain reaction of depositors

1:44.6

pulling funds out of the bank.

...

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