I just got off the phone with a helpful guy called Fernando from the Federal Deposit Insurance Corporation (FDIC). The local bank where I have a chunk of my savings on deposit is in deep trouble and liable to be closed any day now, and I was concerned that my status in the US, as a permanent resident but not a citizen, might disqualify me from FDIC coverage. No problem, Fernando said. Everybody’s covered – immigrants, legal and otherwise, foreigners, citizens, whatever. An account with a single name on it is insured for up to $250,000, but as you add more names (of partners, family members, trusted friends) to the account, the greater the number of $250,000 tranches are protected.