Confirm FDIC coverage and the $250,000 deposit limit
Added
Look up your bank in the FDIC's BankFind tool, then add up what you hold there in each ownership category (single, joint, IRAs and so on). If one category tops $250,000 at a single bank, the FDIC's EDIE estimator shows what's covered; spreading money across ownership categories or banks can raise total coverage.
The result
Result: FDIC: deposits are insured to at least $250,000 per depositor, per FDIC-insured bank, per ownership category; stocks, bonds, Treasuries, crypto, life insurance policies and safe deposit box contents are not covered.
Note: Not financial advice. General information only; check your own situation or ask a qualified professional.
Source
FDIC: Understanding Deposit Insurance (opens the original source in a new tab). Check it for the latest numbers before you act.