Taylor Tepper covered banking, investing and pretty much everything else in personal finance for more than a decade, with his work appearing in the New York Times, Fortune and MONEY magazine ...

you cannot lose the money you contribute to the account—even in the event of a bank failure. You can, however, be subject to fees and penalties that reduce your earnings. If the interest earned ...

Due to federal government protections, you’re unlikely to lose money with a high-yield ... account in which to store your money or confirm with the bank that it’s protected where it is ...