FDIC Insurance

Do you have the facts on FDIC insurance?

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government. The FDIC protects depositors against the loss of their insured 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.

FDIC insurance covers all types of deposits received at an insured bank but does not cover investments, even if they were purchased at an insured bank.

What the FDIC Covers:

Checking accounts
Negotiable Order of Withdrawal (NOW) accounts
Savings accounts
Money Market Deposit accounts (MMDA)
Time Deposits such as Certificates of Deposit (CDs)
Cashier’s checks, money orders, and other official items issued by a bank

What the FDIC Does Not Cover:

Stock Investments
Bond Investments
Mutual Funds
Life Insurance Policies
Annuities
Municipal Securities
Safe Deposit Boxes or their contents
U.S. Treasury Bills, Bonds or Notes

Deposits at FDIC-insured institutions are insured to at least $250,000 per depositor for each account ownership category.

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To ensure funds are fully protected, depositors should understand their coverage limits. The coverage limits show below to the total of all deposits that an account holder has in the same ownership categories at each FDIC insured bank.

Single Account (owned by one person)	$250,000 per owner
Joint Account (two or more persons)	$250,000 per owner
Certain Retirement Accounts	$250,000 per owner
Trust Accounts (Revocable/Irrevocable)	$250,000 per owner per beneficiary subject to specific limitations and requirements
Corporation, Partnership and Unincorporated Association Accounts	$250,000 per corporation, partnership or unincorporated association
Employee Benefit Plan	$250,000 for the non-contingent, ascertainable interest of each participant
Government Accounts	$250,000 per official custodian

For additional information relating to FDIC insurance coverage, call the FDIC at 1-877-275-3342 or visit its website.

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Information on this webpage contains selected text of FDIC information extracted from FDIC brochures available on the FDIC’s official website at www.fdic.gov. This information is presented in a non-technical way and is not intended to be a legal interpretation of the FDIC’s laws and regulations on insurance coverage. Greater details concerning technical aspects of insurance coverage can be found by consulting the Federal Deposit Insurance Act (12 USC 1911 et seq.) and the FDIC’s regulations relating to insurance coverage (12 CFR Part 330). In the event of discrepancy or dispute between this document and the information at www.fdic.gov, the information provided at www.fdic.gov will prevail. Information subject to change.

Questions About How Much FDIC Insurance Coverage you Have?

Take advantage of the FDIC’s Electronic Deposit Insurance Estimator (EDIE) to calculate the FDIC insurance available for your personal and/or business deposits.

Use EDIE Now

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