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Bank Accounts - Deposit Insurance


What is FDIC deposit insurance?

Deposits held in federally insured banks are insured up to at least $100,000 for each depositor by the Federal Deposit Insurance Corporation (FDIC). Coverage is higher - up to $250,000 per depositor - for funds held in Individual Retirement Accounts (IRAs) and certain other retirement accounts (defined by FDIC regulation). Deposits generally include funds held in checking, savings, money market and certificate of deposit accounts.

The FDIC Web site has a section devoted to questions regarding deposit insurance.

How much money can I deposit into a national bank?

Generally, there is no limit on deposits. However, there are FDIC limitations to the amount of funds that are insured.

Deposits held in federally insured banks are insured up to at least $100,000 for each depositor by the Federal Deposit Insurance Corporation (FDIC). Coverage is higher - up to $250,000 per depositor - for funds held in Individual Retirement Accounts (IRAs) and certain other retirement accounts (defined by FDIC regulation). Deposits generally include funds held in checking, savings, money market and certificate of deposit accounts.

The FDIC Web site has a section devoted to questions regarding deposit insurance.







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