What is the current FDIC insurance limit for 2026?

The current standard maximum deposit insurance amount (SMDIA) is $250,000 per depositor, per insured bank, for each account ownership category. This limit was made permanent by the Dodd-Frank Act in 2010 and remains unchanged for 2026.

How can I tell if my bank is FDIC-insured?

You can verify if your bank is FDIC-insured by looking for the "Member FDIC" sign at the bank's branches or on its website. The most reliable method is to use the FDIC's official BankFind tool on their website (fdic.gov) to search for your bank's status.

Are my retirement accounts, like IRAs, covered by FDIC insurance?

Yes, certain retirement accounts, including Traditional IRAs, Roth IRAs, SEP IRAs, and SIMPLE IRAs, are separately insured by the FDIC up to $250,000 per depositor at each insured bank. This coverage is separate from your individual non-retirement accounts.

Does FDIC insurance cover investment products like stocks and mutual funds?

No, FDIC insurance only covers deposit accounts such as checking, savings, money market deposit accounts, and Certificates of Deposit. It does not cover investment products like stocks, bonds, mutual funds, annuities, or cryptocurrency, even if these products are offered by an FDIC-insured bank.

What happens to my money if my FDIC-insured bank fails?

If an FDIC-insured bank fails, the FDIC acts quickly to protect depositors. In most cases, your accounts are transferred to a healthy acquiring bank, and your funds remain accessible with minimal interruption. If no acquiring bank is found, the FDIC will directly issue checks for your insured balances, typically within a few business days.

Can I have more than $250,000 insured at one bank?

Yes, you can have more than $250,000 insured at a single bank by utilizing different ownership categories. For example, a single account ($250,000), a joint account with a co-owner ($500,000 total), and a retirement account ($250,000) at the same bank would provide $1,000,000 in total FDIC coverage.

Is my money in a credit union insured by the FDIC?

No, credit unions are not insured by the FDIC. Instead, deposits at federally chartered credit unions and most state-chartered credit unions are insured by the National Credit Union Administration (NCUA), through its National Credit Union Share Insurance Fund (NCUSIF). The NCUA provides the same level of coverage as the FDIC: $250,000 per depositor, per insured credit union, per ownership category.

FDIC Insurance: Protect Your Bank Deposits & Savings