FDIC Insurance Coverage
FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit, including IRAs. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.
The standard deposit insurance amount is $250,000 per depositor under the FDIC's general deposit insurance rules. Deposits in certain retirement accounts (IRAs) are insured separately up to $250,000 per owner.
To contact the FDIC regarding deposit insurance questions, call 1-877-ASK-FDIC (1-877-275-3342) or www.fdic.gov.
To calculate your deposit insurance coverage, go to www.fdic.gov/edie.
If you have any questions regarding the changes in FDIC Deposit insurance or if you have any questions on how to maximize the deposit insurance for your accounts, please contact us.