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What's Covered

Are My Deposit Accounts Insured by the FDIC?

Last Updated: April 1, 2024

FDIC insurance covers traditional deposit accounts, and 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.

The information below briefly describes the various deposit products offered, the FDIC ownership categories and their applicable insurance coverage limit. For more detailed information about your specific situation, you can use the Electronic Deposit Insurance Estimator (EDIE). You can also visit the FDIC Information and Support Center to submit a request for deposit insurance coverage information or call 1-877-ASK-FDIC (1-877-275-3342) to ask any other specific deposit insurance questions.

Please Note: Not all products offered by banks are covered by FDIC insurance. Click here for more information about accounts that are not covered by FDIC deposit insurance.

Deposit Products

The following are examples of deposit products which are insured by the FDIC

  • Checking Accounts
  • Savings Accounts
  • Money Market Deposit Accounts
  • Certificates of Deposit (CD)
  • Prepaid Cards (assuming certain FDIC requirements are met)

FDIC Ownership Categories

The amount of FDIC insurance coverage you may be entitled to, depends on the FDIC ownership category. This generally means the manner in which you hold your funds at the bank.

Below are examples of some FDIC ownership categories, including single accounts, certain retirement accounts and employee benefit plan accounts, joint accounts, trust accounts, business accounts as well as government accounts.

Additional Resources

Brochure: Deposit Insurance at a Glance


Deposit Insurance at a Glance - View brochure as PDF


Seguro de Depósito en Breve - View brochure as PDF

Brochure: Your Insured Deposits


Your Insured Deposits - View brochure as PDF


Sus Depósitos Asegurados - View brochure as PDF

To determine your deposit insurance coverage or ask any other specific deposit insurance questions, please visit the FDIC Information and Support Center or call 1-877-ASK-FDIC (1-877-275-3342).