FDIC Insurance

Banking & Credit

FDIC (Federal Deposit Insurance Corporation) insurance protects depositors at member banks up to $250,000 per depositor, per insured bank, per ownership category. If a bank fails, FDIC covers your insured deposits — typically within days. Coverage applies to checking, savings, MMAs, and CDs. Joint accounts get $250,000 per co-owner. Retirement accounts at banks (IRAs) have a separate $250,000 limit. Brokerages have analogous SIPC coverage. To protect deposits above $250,000, spread across multiple banks or use IntraFi Network (CDARS/ICS) services that distribute deposits across member banks while keeping a single relationship. Check FDIC.gov to verify any bank's status.