SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/fdic-not-stocks

Does FDIC insurance cover stocks you bought at a bank?

No. It covers deposit accounts, not investments.

  1. Yes, if the bank sold them
  2. No, stocks and mutual funds are not deposits ✔
  3. Yes, up to $250,000

Why: FDIC says insurance covers deposits like checking, savings, and CDs. Mutual funds, annuities, stocks, and bonds are not FDIC insured.

Huh, didn't know that: Look for the FDIC sign, or check BankFind, to see if the bank itself is insured.

The dad joke
Why did the investor bring a ladder? To reach the high yield.
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Sources

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

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