Deposit Insurance Coverage
The more you know, the safer your money.
The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government. FDIC coverage protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
The FDIC insures all deposits, including checking accounts, NOW accounts, savings accounts, money market deposit accounts, certificates of deposit (CDs), and official items issued by a bank (such as a cashier's check or money order), up to the insurance limit.
The FDIC does not insure the money you invest in stocks, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased these products from an insured bank.
The FDIC does not insure safe deposit boxes or their contents.
The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.