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Do You Have the Facts on FDIC Insurance?

Member FDIC. You've seen that phrase hundreds of times, but have you ever stopped and asked yourself what it really means?

The Federal Deposit Insurance Corporation (FDIC), an independent agency of the federal government, protects against the loss of insured deposits in the event an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States Government.

If your insured bank fails, FDIC insurance will cover your deposit accounts, dollar for dollar up to the insurance limit, including principal and any accrued interest through the date of the insured bank’s closing.

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

FDIC deposit insurance coverage depends on two things: (1) whether your chosen financial product is a deposit product; and (2) whether your bank is FDIC-insured.

The FDIC covers:
  • Checking accounts
  • Negotiable Order of Withdrawal (NOW) accounts
  • Savings accounts
  • Money market deposit accounts (MMDAs)
  • Time deposits such as certificates of deposit (CDs)
  • Cashier's checks, money orders, and other official items issued by a bank
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
Depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution. If you are interested in FDIC deposit insurance coverage, simply make sure you are placing your funds in a deposit product at the bank.

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 at:

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