Yes. CDs at banks are FDIC-insured up to $250,000 per person, per bank. If your balance exceeds $250,000, you should consider spreading your funds across multiple banks to cover all of your funds.

Each depositor is covered for $250,000 worth of deposits per depositor, per FDIC-insured bank, and per ownership category. To determine if your bank is FDIC-insured, you can use the FDIC's ...