The Federal Deposit Insurance Corporation
(FDIC) is an independent agency of the United States government that
protects funds depositors place in banks and savings associations.
FDIC insurance is backed by the full faith and credit of the United
States government. Since the FDIC was established in 1933, no
depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers all deposit accounts,
including checking and savings accounts, money market deposit
accounts and certificates of deposit. FDIC insurance does not cover
other financial products and services that banks may offer, such as
stocks, bonds, mutual fund shares, life insurance policies,
annuities or securities.
The standard insurance amount is $250,000 per
The FDIC provides separate coverage for
deposits held in different account ownership categories. Depositors
may qualify for more coverage if they have funds in different
ownership categories and all FDIC requirements are met. (For details
on the requirements, go to
The following chart shows standard insurance
amounts for FDIC account ownership categories. All deposits that an
accountholder has in the same ownership category are added together
and insured up to the standard insurance amount.
calculate your deposit insurance coverage
Use the FDIC’s Electronic Deposit Insurance
Estimator (EDIE) at:
questions about FDIC coverage limits and requirements
call toll-free 1-877-ASK-FDIC, or ask a representative at your