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What Does the FDIC Insure and What Are the Limits?

Posted by April Grunden | Jun 22, 2020 | 0 Comments

FDIC Insurance

When it comes to the Federal Deposit Insurance Corporation (the FDIC), we receive a lot of questions about whether certain accounts are insured. The coverage depends on whether your financial product is a deposit product and whether your bank is FDIC-insured.



Here is the coverage as listed on the FDIC website (

                 Items that the FDIC does cover:

      • Checking accounts
      • Negotiable Order of Withdrawal accounts
      • Savings Accounts
      • Money Market Deposit Accounts
      • Time deposits such as certificates of deposits (CDs)
      • Cashier's checks, money orders, and other official items issued by a bank.

                Items that the FDIC does not cover:

      • Stock investments
      • Bond investments
      • Mutual funds
      • Life insurance policies
      • Annuities
      • Municipal securities
      • Safe deposit boxes and their contents
      • U.S. Treasury bills, bonds, or notes


The standard insurance amount is “$250,000 per depositor, per insured bank, for each account ownership” (Federal Deposit Insurance Corporation, 2020).

For example, if you own a single checking account at an insured bank, you are insured up to $250,000 per owner. If you and another individual own a joint checking account at an insured bank, you are insured up to $250,000 per co-owner.

Here is a list of the coverage limits by account ownership category.

  • Single Accounts - $250,000 per owner
  • Joint Accounts - $250,000 per co-owner
  • Certain Retirement Accounts (includes IRA's) - $250,000 per owner
  • Revocable Trust Accounts - $250,000 per owner per unique beneficiary
  • Corporation, Partnership and Unincorporated Association Accounts - $250,000 per corp., partnerships or unincorporated association
  • Irrevocable Trust Accounts - $250,000 for the non-contingent interest of each unique beneficiary
  • Employee Benefit Plan Accounts - $250,000 for the non-contingent interest of each plan participant
  • Government Accounts - $250,000 per official custodian (more coverage available subject to specific conditions)

*This information is provided by the Federal Deposit Insurance Corporation (FDIC). Source used:

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About the Author

April Grunden

I am the anti-attorney.  I buck the system at every turn because I believe the system is broken.  I have seen the old way of dictating to families and business owners how their plans should work.  I've seen how attorneys run roughshod over clients. Enough is enough. I want to protect my family. ...


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