Is It Insured By The FDIC?
|A deposit account whose fund is available to the depositor through a check/draft.|
|NEGOTIABLE ORDER OF WlTHDRAWAL||YES|
|Similar to a checking account they pay interest, but may place limitations; e.g. the number of checks/month.|
|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 DEPOSIT||YES|
|A deposit made into an interest bearing account for a definite period of time; e.g. one month, one year, etc.|
|INDIVIDUAL RETIREMENT DEPOSIT ACCOUNTS||YES|
|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 BOXES||NO|
|U.S. TREASURY SECURITIES||NO|
|Borrowings of the U.S. Treasury|
|STOCKS, BONDS, OR OTHER INVESTMENTS ISSUED BY A FINANCIAL INSTITUTION||NO|
|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 INSTITUTION||NO|
|Investment in the ownership (stocks) or borrowings (bonds,commercial paper) of the business that issues them.|
- $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”.