FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money ...

Since the Federal Deposit Insurance Corporation was created, no bank account holder has lost ... types — such as a single account in your own name, a joint account that you and your spouse ...

A single account under your name alone is insured up to $250,000 ... The FDIC has to keep some funds on hand so it can pay out insurance if banks fail. That on-hand amount is called the deposit ...