Understanding Deposit Insurance
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the 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 lost a penny of FDIC-insured funds.
FDIC insurance covers all deposit accounts, including:
- Checking accounts
- Savings accounts
- Money market deposit accounts
- Certificates of deposit
FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
Tools and Resources
- EDIE Online Calculator
Calculate deposit insurance coverage.
See if your bank is covered.
- Online Catalog
Order brochures and other educational materials.
- Deposit Insurance for Accounts Held by Government Depositors
- Prepaid Cards and Deposit Insurance Coverage
The FDIC recognizes different types of ownership categories that qualify for insurance coverage. Use these videos to understand the pertinent information for each type of qualifying account and how much coverage you can be eligible for.
Get answers to the most commonly asked questions about how to safeguard your money with FDIC insurance coverage.
Read or print out the two FDIC brochures that explain the details of deposit insurance. Available in English and Spanish.
Learn more about the banking crisis of the 1930s that led to the establishment of the FDIC, and how the agency evolved over subsequent decades.
The FDIC only covers deposit accounts at insured banks and financial institutions. Find out if your accounts qualify for coverage and how much coverage they are eligible for.