Deposit Insurance Coverage

The FDIC insures deposits at member banks up to $250,000 per depositor, per insured bank, for each account ownership category. Coverage applies to checking accounts, savings accounts, money market deposit accounts, and certificates of deposit. Separately insured categories include single accounts, joint accounts, revocable trust accounts, IRAs, and certain other retirement accounts.

Depositors at a failed bank are paid up to the insured amount, typically within a few business days. The FDIC does not insure stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities.