Savings accounts are subject to both financial and systemic risk. When a savings account is open, there is always the possibility of having an account compromised by an attacker, in which money is stolen. If the account holder acts fast enough, the money is recoverable, but if too much time has passed, the money is lost. As one of the least common occurrences, banks and credit unions could potentially fail, causing widespread panic for account holders. There’s no need to worry because the FDIC and NCUA have insured depository accounts for at least $250,000 each.