After SVB’s Collapse, How to Protect Your Money From a Bank Failure

The abrupt collapse of the Silicon Valley Bank, the second-biggest bank failure in U.S. history, prompted regulators to impose emergency measures to stem the fallout. WSJ’s Rachel Ensign explains how the crisis unfolded and what could happen next. Photo: Jeff Chiu/Associated Press

By Imani Moise

Updated March 13, 2023 1:50 pm ET

Skittish savers can protect their deposits in many different ways if they are uneasy about the safety of their money after the failure of Silicon Valley Bank.

Federal authorities rescued SVB’s customers Sunday, guaranteeing all deposits including those in excess of the $250,000 limit normally covered by the Federal Deposit Insurance Corp., or FDIC.