What is FDIC insurance? FDIC insurance is designed to protect depositors who hold accounts in banks located in the United States. If you keep your cash deposits in a member bank, you’re ...

FDIC Insurance Coverage: Confirm that the bank is FDIC insured and understand how your deposits are protected. “First Fed has been serving our communities for 100 years.

Most FDIC-insured banks will display the FDIC logo prominently on their website. Look for language that mentions that the bank is “Member FDIC” on their main website for verification purposes.

2. Open an account in a different ownership category If you want to keep all your money in one FDIC-insured bank, you may be able to insure deposits of more than $250,000 by opening different ...

If you have over $250,000 in individual accounts at one bank, which most people don't, the amount over $250,000 is considered uninsured and experts recommend that you move the remainder of your ...

The FDIC insurance coverage limit at most banks is $250,000 per depositor, per bank, per ownership category. Ownership categories include single accounts, joint accounts and trust accounts.