The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money in a bank should it fail. Deposits are insured for up to $250,000 per depositor, per ...

Anyone with a lower risk tolerance who prefers a straightforward savings option.

FDIC insurance: What it is and how it protects your money Established in 1933, the FDIC is a U.S. government corporation that protects consumers’ money if a bank were to fail and close its doors.

The current FDIC coverage limit is $250,000 per depositor, per account ownership type, per financial institution. FDIC insurance is designed to protect consumers against bank failures.

You can check whether your bank is FDIC insured on the FDIC BankFind Suite webpage. Or, call the FDIC at 877-ASK-FDIC (877-275-3342) and ask to speak with a deposit insurance specialist.

As of December, more than 99 percent of U.S. deposit accounts held less than $250,000, and so were automatically covered by existing FDIC insurance, Gruenberg said.

“More than 99 percent of deposit accounts in the U.S. today are fully protected by the FDIC because they are under the deposit insurance coverage limit,” said Geri Bullard, Chief Financial ...

The Federal Deposit Insurance Corp. has launched a campaign meant to drive awareness of FDIC insurance in the wake of bank failures this spring and the emergence of imitation banks in recent years.