Answers About FDIC Insurance

Select from the following questions about Federal Deposit Insurance Corporation (FDIC) insurance of national bank deposits.

Are the deposits in my bank insured?

Yes, if your deposits are in a financial institution in which the FDIC has provided insurance.

The Federal Deposit Insurance Corporation, or FDIC, is an independent agency of the United States government. The FDIC protects an account owner's deposits in the unlikely event of the failure of the insured bank or savings institution.

FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing. The FDIC insures all types of deposits received by a financial institution including:

The FDIC does not insure the money you invest in the following products, even if they were purchased from an insured bank: For more information about deposit insurance, see the FDIC's web page FDIC's Insuring Your Deposits page.

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How can I find out if my deposits are insured by the FDIC?

The FDIC has launched a national campaign designed to help consumers learn about the benefits and limitations of deposit insurance. The public awareness campaign encourages consumers to visit http://myFDICinsurance.gov, where you can use EDIE the Estimator, an online tool that provides customized information about your insured deposits. The estimator has been simplified and made more accessible as part of the national campaign. If you do not have online access, you may call the FDIC toll-free at 1-877-ASK-FDIC for assistance.

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How can I calculate my deposit insurance coverage?

You should use the FDIC's online Electronic Deposit Insurance Estimator at http://myFDICinsurance.gov.

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Does the FDIC insure national banks?

All national banks are required to insure customer deposits with insurance from the FDIC. At insured banks, the FDIC insures all deposits up to the insurance limit. This includes money deposited in the following accounts:

The FDIC does not insure the money you invest in the following products, even if they were purchased from a bank with FDIC insurance:

From the FDIC Web site: "All FDIC-insured banks must meet high standards for financial strength and stability. The FDIC, with other federal and state regulatory agencies, regularly reviews the operations of insured banks to ensure these standards are met. Even with these safeguards, some insured banks fail. If your insured bank fails, FDIC insurance will cover your deposits, dollar for dollar, including principal and any accrued interest, up to the insurance limit.

"Historically, insured deposits are available to customers of a failed bank within just a few days. Since the start of the FDIC in 1933, no depositor has ever lost a penny of insured deposits."

To learn more about FDIC deposit insurance, visit FDIC's Insuring Your Deposits page.

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