FDIC

Is It Insured By The FDIC?

PRODUCTFDIC INSURED?
CHECKINGYES
A deposit account whose fund is available to the depositor through a check/draft.
NEGOTIABLE ORDER OF WlTHDRAWALYES
Similar to a checking account they pay interest, but may place limitations; e.g. the number of checks/month.
SAVINGSYES
Deposit made into an interest bearing account with the intent to leave the money in the account for an indefinite period of time.
CERTIFICATE OF DEPOSITYES
A deposit made into an interest bearing account for a definite period of time; e.g. one month, one year, etc.
INDIVIDUAL RETIREMENT DEPOSIT ACCOUNTSYES
These are usually savings accounts or certificates of deposit (see above).
CASHIER'S CHECKS, TRAVELERS CHECKS, MONEY ORDERS, ETC.YES
Checks/drafts of a financial institution that are purchased by the customer.
CONTENTS OF SAFE DEPOSIT BOXESNO
U.S. TREASURY SECURITIESNO
Borrowings of the U.S. Treasury
STOCKS, BONDS, OR OTHER INVESTMENTS ISSUED BY A FINANCIAL INSTITUTIONNO
Investment in the ownership (stocks) or borrowings (bonds, commercial paper) of the financial institution that issues them.
STOCKS, BONDS, OR OTHER INVESTMENTS PURCHASED THROUGH A FINANCIAL INSTITUTIONNO
Investment in the ownership (stocks) or borrowings (bonds,commercial paper) of the business that issues them.

LIMITATIONS:

  • $250,000 per depositor, covering both principal and interest. Ownership of the accounts (for example, single or joint) determines whether there is more coverage.
  • Insured when issued in exchange for money or a charge against a deposit account.
  • Individual Retirement Accounts which are not deposit accounts are not insured by the FDIC.

For More Information

For detailed information about Federal Deposit Insurance, call 1-800-934-3342 and ask for the FDIC’s free brochures, “Your Insured Deposits” and “Insured or Not Insured: A Guide to What Is and Is Not Protected by FDIC Insurance”. 

 

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