Checking accounts, like savings and money market accounts, at Federal Deposit Insurance Corp. (FDIC) banks are insured up to at least $250,000. The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration (NCUA) at its credit unions, insures individual accounts up to $250,000. Money that’s within FDIC insurance limits and guidelines is safe even if an FDIC bank fails. Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) or the Share Insurance Estimator to calculate your coverage. Confirming coverage with the FDIC or NCUA and your bank is always the best practice. FDIC-insured online banks are every bit as safe as brick-and-mortar banks up to that limit. Plus, digital banks often don’t charge monthly service fees and pay higher yields. The FDIC’s BankFind tool makes it easy to confirm an online bank is FDIC-insured since it allows you to search by web address.