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Are the deposits in my bank insured? What is FDIC insurance?

Your deposits are insured only if your bank has Federal Deposit Insurance Corporation (FDIC) deposit insurance. This insurance covers deposits in the event of a bank failure, but it does NOT cover losses due to fraud and theft.

FDIC deposit insurance covers all deposit accounts at insured banks up to the insurance limit, currently $250,000 per depositor, per bank, per ownership category, including principal and any accrued interest through the date of an insured bank's closing. Deposit accounts include:

The FDIC does NOT insure the money you invest in the following products, even if they were purchased from an FDIC-insured bank:

  • Stocks
  • Bonds
  • Mutual fund shares
  • Life insurance policies
  • Annuities
  • Securities

You can refer to the Deposit Insurance section of the FDIC's website for more information, such as whether your bank is insured and how the coverage applies to your account(s).

Last Reviewed: October 2020

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC.

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