Who is the FDIC? What does the FDIC insure? What is the insurance limit? I have accounts in multiple categories at a financial institution.  Are all of my funds insured? Where can I get more information about FDIC insurance? What are the current coverage limits? Who is the FDIC? The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system in the following ways: By insuring deposits in banks and thrift institutions for up to $250,000. By identifying, monitoring, and addressing risks to the deposit insurance funds. By limiting the effect on the economy and the financial system when a bank or thrift institution fails. Please note that the FDIC limit on traditional types of deposit accounts is temporary, through December 31, 2009. _____________________________________________________________________  ^Back to Top What does the FDIC insure? The FDIC guarantees all traditional types of deposit accounts (checking, savings, trust, money market, CDs) up to $250,000 and guarantees IRAs up to $250,000. Unlimited deposit insurance coverage is available through December 31, 2009, for all non-interest bearing transaction accounts Investment products (mutual funds, annuities, life insurance policies, stocks and bonds) are not FDIC insured, may lose value, and are not bank guaranteed.   Please note that the FDIC limit on traditional types of deposit accounts is temporary, through December 31, 2009. _____________________________________________________________________  ^Back to Top What is the insurance limit? The basic deposit accounts insurance limit amount is $250,000 per depositor per insured bank. Certain retirement accounts (such as Individual Retirement Accounts [IRAs]) are insured up to $250,000 per depositor per insured bank. If you and your family have a combined amount of $250,000 or less in all of your deposit accounts categories at the same insured bank, you do not need to worry about your insurance coverage, as your deposits are fully insured.   Please note that the FDIC limit on traditional types of deposit accounts is temporary, through December 31, 2009. _____________________________________________________________________  ^Back to Top I have accounts in multiple categories at a financial institution.  Are all of my funds insured? For customers with accounts in multiple categories at a single financial institution, FDIC coverage is based on the titling of the accounts and the category of accounts, not the number of accounts. For example, a customer who owns a checking account and a CD titled in his or her own name as single owner will receive a total of $250,000 of combined coverage for both accounts. But if that same customer also has a joint account (which is a separate category from individual accounts), he or she could receive an additional $250,000 of insurance for the funds held in the joint account.   Please note that the FDIC limit on traditional types of deposit accounts is temporary, through December 31, 2009. _____________________________________________________________________  ^Back to Top Where can I get more information about FDIC insurance? You may contact a customer service representative or visit a bank location  to obtain a copy of the "FDIC - Your Insured Deposits" brochure. You may also call the FDIC at 1.877.ASK.FDIC (1.877.275.3342) or by visiting www.fdic.gov _____________________________________________________________________  ^Back to Top What the current coverage limits? Basic FDIC Deposit Insurance Coverage Limits* Single Accounts (owned by one person) $250,000 per owner     Joint Accounts (two or more persons) $250,000 per co-owner     IRAs and certain other retirement accounts $250,000 per owner     Trust Accounts $250,000 per owner per beneficiary subject to specific limitations and requirements     Corporation, Partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association     Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant     Government Accounts $250,000 per official custodian     Non-interest Bearing Transaction Accounts Unlimited coverage – only at participating FDIC-insured banks and savings associations ** * On January 1, 2010, the standard coverage limit will return to $100,000 for all deposit categories except IRAs and Certain Retirement Accounts, which will continue to be insured up to $250,000 per owner. ** Unlimited deposit insurance coverage is available through December 31, 2009, for non-interest bearing transaction accounts at institutions participating in FDIC’s Temporary Liquidity Guarantee Program. _____________________________________________________________________  ^Back to Top