Retirement & Savings

What Is FDIC Insurance?

FDIC insurance is protection provided by the US Federal Deposit Insurance Corporation for deposits at member banks. If an insured bank fails, deposits are covered up to 250,000 per depositor, per insured bank, for each account ownership category. Credit union deposits are similarly insured by the NCUA.

What Is Covered

Checking and savings accounts, money market deposit accounts, and certificates of deposit. Stocks, bonds, mutual funds, and crypto are not covered, even if bought through a bank.

Ownership Categories

Single, joint, and certain retirement accounts are separate categories, which can increase total coverage.

🧮 Calculate It Yourself

Put FDIC Insurance into practice with these free calculators — no sign-up, nothing stored.

🏦 CD Calculator See what a certificate of deposit is worth at maturity, with APY and total interest. Calculate → 🎯 Savings Goal Calculator Find out how much to save each month to hit your target. Calculate →

🔗 Related Terms

Savings Account Certificate of Deposit (CD) Credit Union Money Market Account

More Retirement & Savings Terms

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Last updated: September 29, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.