Brilliant Bank

Yes, Brilliant Bank is a division of Equity Bank, which is an FDIC-insured institution. Meaning your deposits are insured up to $250,000 per customer, per account ownership category. This means that even if Brilliant Bank fails, you will eventually be able to recover an individual account's balance up to $250,000.

If you have a joint account, each co-owner of the account is considered a separately insured customer. As a result, you can collectively recover the account's balance up to $500,000 in the event of a bank failure, assuming you have no other shared accounts.

Brilliant Bank Products Covered by FDIC Insurance

• Checking accounts
• Savings accounts
• Certificates of deposit (CDs)

You can withdraw money from your Brilliant Bank Surge Money Market in several ways, including internal and external transfers, writing a check, or using your ATM card.

However, withdrawals may be subject to limits. For the most up-to-date information, visit Brilliant Bank's website or contact customer service at (833) 605-1037.

You can check the best savings accounts available to ensure that whatever decision you make really fits your goals.