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.

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If the cash in your bank is FDIC insured, you can relax By ABC News September 29, 2008, 7:46 PM ...

For example, if you’re single and have $300,000 cash, don't put it all in one bank — even if you split it between checking and savings. If that bank fails, you could potentially lose $50,000.

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Despite unprecedented public needling from President Donald Trump to lower interest rates, the Federal Reserve board stood ...

During the Great Depression, from 1930 to 1933, approximately 9,000 banks failed, taking with them $7 billion in depositors’ ...

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