SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/fdic-250k

How much money does FDIC insurance cover at one bank?

$250,000 per depositor, per bank, per ownership category.

  1. $250,000 per depositor, per bank, per category ✔
  2. $250,000 total in your whole life
  3. Every dollar, no limit

Why: FDIC insures deposits up to at least $250,000 per depositor, per insured bank, per ownership category. You do not buy this coverage. It is automatic.

Huh, didn't know that: Checking, savings, and CDs can be covered. Stocks and mutual funds are not.

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Sources

  1. FDIC: Deposit Insurance FAQs https://www.fdic.gov/resources/deposit-insurance/faq

Test yourself in the game

MoneyCan one person be insured for more than $250,000 at one bank?MoneyDoes FDIC insurance cover stocks you bought at a bank?MoneyDo you have to buy FDIC insurance for a bank account?

That's stuff everyone should know.