Do You Know If Your Covered? Learn FDIC Insurance Limits

What does the FDIC do?

The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for up to $250,000 (through December 31, 2013).

What are the basic FDIC coverage limits?

  • Single Accounts (owned by one person):  $250,000 per owner
  • Joint Accounts (two or more persons):  $250,000 per co-owner
  • IRAs and other certain retirement accounts:  $250,000 per owner

What types of accounts are eligible for FDIC insurance?

FDIC insurance covers all deposit accounts at insured banks and savings associations, including checking, NOW, and savings accounts, money market deposit accounts and certificates of deposit (CDs) up to the insurance limit.

The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if you purchased these products from an insured bank or savings association.

Need More Information? Go to:  https://www.fdic.gov/edie/fdic_info.html#04

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