FDIC Insurance Quick Reference Guide

These accounts are covered by FDIC insurance:

• Checking accounts
• Savings accounts (including high-yield savings accounts)
• Money market deposit accounts (MMDAs)
• Time deposits such as certificates of deposit (CDs)

These accounts are ineligible for FDIC coverage:

• U.S. Treasury bills, bonds or notes (These investments are backed by the full faith and credit of the U.S. government)
• Stock investments
• Bond investments
• Mutual funds
• Crypto assets
• Life insurance policies
• Annuities
• Municipal securities
• Safe deposit boxes or their contents

The standard coverage limit is $250,000 per account owner.  That means you could technically qualify for more than $250,000 in coverage if you hold accounts in more than one ownership category, either as an individual or with a joint account holder.  For example, a married couple with a joint checking account can receive insurance for up to $500,000 for the same shared account ($250,000 per co-owner).  If each person opens their own individual checking account separately, those accounts would also have their own $250,000 coverage on top of the joint checking’s $500,000 coverage.  The coverage could extend even further if a business account is held.  Under FDIC rules, all deposits owned by a corporation, partnership, or unincorporated entity (including a for-profit or a not-for-profit organization) at the same bank are added together and insured up to $250,000, separately from the personal accounts of the owners or members.

For more detailed information use the FDIC calculator to determine your exact FDIC Insurance coverage.