How much does the FDIC insure for bank accounts?

Answer FDIC stands for Federal Deposit Insurance Corporation, which is a government entity that backs many types of bank accounts. The agency was created in the 1930s in an attempt to instill confidence i... Read More »

Top Q&A For: How much does the FDIC insure for bank accounts

How much does the FDIC guarantee for regular bank accounts?

As of 2010, FDIC insurance covered up to $250,000 per person, per account type. However, the coverage level is scheduled to decrease to $100,000 for all account types except retirement accounts at ... Read More »

Does the FDIC insure retirement accounts?

The Federal Deposit Insurance Corporation (FDIC) does insure retirement accounts. The FDIC sets limitations on how much some accounts can be insured for. For example, accounts like Roth IRAs, SEP-I... Read More »

Does the FDIC insure non bearing interest checking accounts?

The FDIC (Federal Deposit Insurance Corporation) covers non-interest bearing checking accounts. The coverage is limited to $250,000 per person, per bank, as of 2010, and covers losses resulting fro... Read More »

Does the FDIC insure $100,000 per bank or per account?

FDIC insurance will cover up to $250,000 per person per insured bank until December 31, 2013. If you currently have more than $250,000 in deposits, spread the amount between multiple banks to keep ... Read More »