What measures do financial institutions have in place to make sure you don't lose your cash?

With recent bank failures, it's understandable to worry about the safety of your hard-earned money. That's why it's important for us to know where we can safely store that money and what protections are in place when we decide to trust an institution with our deposits. This video from TwoCents titled "Is Your Money Safe in a Bank?" explains the historical events that birthed the FDIC and what financial institutions do today to make sure the money you choose to deposit doesn't get lost.

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The NGPF Banking unit has all the resources you'll need to get your students confident in making decisions about where to put their money.

About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.