---
title: Deposit Insurance Offers a Safe Haven
description: By Sidney Kess and Julie Welch The CPA Journal June 2020 Good times or bad, it…
---

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# [Deposit Insurance Offers a Safe Haven](https://kostelanetz.com/publications/deposit-insurance-offers-a-safe-haven)

 Written by [Kostelanetz LLP](https://kostelanetz.com/publications/author/kostelanetz-llp) | Jun 30, 2020

By [Sidney Kess](https://kostelanetz.com/profile/sidney-kess/) and Julie Welch  
*The CPA Journal*  
 June 2020

Good times or bad, it is vital for investors to hold cash reserves. Federal deposit insurance provides an extra layer of comfort, so it is vital for CPA advisors to know the rules and be able to explain them.

The Federal Deposit Insurance Corporation (FDIC) guarantees certain amounts held in most banks and savings associations; the National Credit Union Administration (NCUA) does the same for credit unions. If an institution posts an FDIC or NCUA sign, deposits there are covered.

This article explains some of the different kinds of accounts eligible for federal deposit insurance.

[…]

Published with permission from *The CPA Journal*.

Click [here](https://www.cpajournal.com/2020/06/30/deposit-insurance-offers-a-safe-haven/) for the full article.

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