• The Federal Deposit Insurance Corporation is an independent federal agency that insures US bank deposits and savings against bank failures.
  • Starting in 2020, the FDIC insures deposits up to $250,000 per depositor if the institution is a member firm.
  • FDIC covers checking and savings accounts, CDs, money market accounts, IRAs, revocable and irrevocable trust accounts, and employee benefit plans.
  • Mutual funds, annuities, life insurance policies, stocks and bonds are not covered by the FDIC.