Is money safe in banks? More depositors are wondering after SVB collapsed

More people are wondering just how safe their money is in a bank after the collapse of Silicon Valley Bank and Signature Bank.

Online searches asking that question have jumped as Americans worry their bank could be the next to fail.

That fear hasn't subsided even after major U.S. banks injected more than $30 billion of deposits in First Republic Bank last week and UBS bought Swiss banking giant Credit Suisse over the weekend.

Experts say there’s no reason customers should worry about money kept in banks that are covered by the Federal Deposit Insurance Corporation, especially since very few depositors surpass the $250,000 limit on the insurance.

Bailey Schulz, Elisabeth Buchwald, & Paul Davidson | USA TODAY

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