Always purchase CDs through an FDIC-insured bank and purchase a noncallable CD to be sure the bank cannot cash in the CD, before maturity.

Source: https://gazette.com/business/jane-young-best-options-to-safely-invest-in-fixed-income/article_32aa553e-d7d2-11ed-8eab-6b9f2ce87e70.html

Especially as a few days ago, the third FDIC-insured bank in the United States collapsed - after Signature Bank and Silicon Valley Bank in March 2023, the First Republic Bank followed in May 2023.

Source: https://seekingalpha.com/article/4601436-us-bancorp-the-risk-of-catching-a-falling-knife?source=feed_all_articles

Financial institution deposits at FDIC-insured establishments are assured as much as at the least $250,000 at every establishment.

Source: https://www.mccourier.com/fdic-problem-bank-list-definition/

Silicon Valley Bank (SVB): For banks that are FDIC-insured, only $250,000 per account is guaranteed.

Source: https://www.ndtv.com/business/a-real-loss-silicon-valley-bank-collapse-leaves-tech-start-ups-worried-3853536

The Federal Deposit Insurance Corp insuresfor up to at least $250,000 per depositor per FDIC-insured bank.

Source: https://business.inquirer.net/395673/buffett-do-not-panic-about-u-s-banks-and-deposits

When you deposit rental income with your bank, your deposits are FDIC-insured up to a certain amount.

Source: https://sflcn.com/should-you-accept-rent-in-cryptocurrency-6-precautions/