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.

As mentioned, CDs issued by credit unions are not FDIC-insured. However, most credit unions belong to the NCUA, which provides up to $250,000 coverage to CDs and other credit union accounts.

In your answer, you made the statement, "Bank money market funds are not FDIC-insured." I don't know which bank you refer to, but I have four money market funds at four separate savings and loans ...

The lease that customers sign with the bank states safe deposit boxes are not guaranteed absolute safety. "It was a bank fire. It's something that I never even considered," said Hoiness.

In many cases, FDIC insurance will cover a larger portion of the funds. With joint accounts, the FDIC insurance covers up to $250,000 per co-owner — or $500,000.

What this means is if you have less than $250,000 in your account at an FDIC-insured U.S. bank, you don’t need to live in a constant state of panic. Your money should be safe in the bank.

FDIC insurance is backed by the full faith and credit of the U.S. government. The FDIC insures up to $250,000 per depositor, per FDIC-insured bank, per ownership category.

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.

The standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC classifies several types of deposit accounts into different ownership ...

If you're still not sure how much insurance coverage you have, read the FDIC's brochure "Your Insured Deposit." Get the most current edition, published in 1999, to reflect some rule changes.