The failure of IndyMac this past week might have you wondering if your money is safe. The failure of IndyMac was a classic bank run scenario and it wasn't even necessary, the money, at least most of it, was always safe.
The money that wasn't safe were those amounts over $100,000. Remember that if you have a bank account, the Federal Deposit Insurance Corporation (FDIC) will guarantee your deposit up to $100,000. After that, you're on your own. If you keep your money in a credit union then the National Credit Union Administration (NCUA) insures your money, again up to $100,000.