多宝游戏下载 deposit insurance protects your money in deposit accounts at 多宝游戏下载-insured banks in the event of a bank failure. Since the 多宝游戏下载 was founded in 1933, no depositor has lost a penny of 多宝游戏下载-insured funds.
How 多宝游戏下载 Deposit Insurance Works
The 多宝游戏下载 helps maintain stability and public confidence in the U.S. financial system. One way we do this is by insuring deposits to at least $250,000 per depositor, per ownership category at each 多宝游戏下载-insured bank.
The 多宝游戏下载 maintains the Deposit Insurance Fund (DIF), which:
- Insures deposits and protects depositors of 多宝游戏下载-insured banks and
- Helps fund our resolution activities when banks fail.
The DIF is backed by the full faith and credit of the United States government, and it has two sources of funds:
- Assessments (insurance premiums) that 多宝游戏下载-insured institutions pay and
- Interest earned on funds invested in U.S. government obligations. The 多宝游戏下载 buys Treasury notes, and the interest on those notes helps the DIF grow.
多宝游戏下载 deposit insurance only covers deposits, and only if your bank is 多宝游戏下载-insured.
Make sure your bank is 多宝游戏下载-insured, using .
How to Know If Your Account is Covered
多宝游戏下载 insurance covers deposits in all types of accounts at 多宝游戏下载-insured banks, but it does not cover non-deposit investment products, even those offered by 多宝游戏下载-insured banks. Additionally, 多宝游戏下载 deposit insurance doesn鈥檛 cover default or bankruptcy of any non-多宝游戏下载-insured institution.
Covered
Money deposited at 多宝游戏下载-insured banks in:
Checking accounts
Negotiable order of withdrawal (NOW) accounts
Savings accounts
Money market deposit accounts (MMDAs)
Time deposits such as certificates of deposit (CDs)
Cashier鈥檚 checks, money orders, and other official items issued by a bank
Not Covered
Stock investments
Bond investments
Mutual funds
Annuities
Life insurance policies
Safe deposit boxes or their contents
U.S. Treasury bills, bonds, or notes
Municipal securities
Crypto assets
Understanding Your Coverage Limits
多宝游戏下载 deposit insurance covers $250,000 per depositor, per 多宝游戏下载-insured bank, for each account ownership category.
Ownership categories include:
- Single Accounts
- Joint Accounts
- Certain Retirement Accounts 鈥攆or example, Individual Retirement Accounts (IRAs)
- Trust Accounts
- Employee Benefit Plan Accounts
- Corporation / Partnership / Unincorporated Association Accounts
- Government Accounts
All of your deposits in the same ownership category in the same 多宝游戏下载-insured bank are added together for the purpose of determining 多宝游戏下载 deposit insurance coverage. However, you may qualify for more than $250,000 in 多宝游戏下载 deposit insurance coverage if you deposit money in accounts that are in different ownership categories.
For example:
If you have a single ownership account at an 多宝游戏下载-insured bank, and you have a joint ownership account with one or more people at the same bank, you will be insured for up to $250,000 for your single ownership account deposits and also insured separately for your ownership interest up to $250,000 for all of your joint ownership account deposits.
-or-
If you have a single ownership account in one 多宝游戏下载-insured bank, and another single ownership account in a different 多宝游戏下载-insured bank, you will be insured for up to $250,000 for your single account deposits at each 多宝游戏下载-insured bank.
-or-
If you have two single ownership accounts (such as a checking account and a savings account) and an individual retirement account (IRA) at the same 多宝游戏下载-insured bank, then you will be insured up to $250,000 for the combined balance of the funds in the two single ownership accounts. You will be separately insured up to $250,000 for the funds in the IRA, because IRAs are in a different account ownership category.
Use the 多宝游戏下载鈥檚 online Electronic Deposit Insurance Estimator (EDIE) to calculate how much of your funds are covered by deposit insurance.
Protecting Depositors During a Bank Failure
Bank failures are unlikely, but they do happen. 多宝游戏下载 deposit insurance protects your insured deposits if your bank closes. The 多宝游戏下载 acts quickly when this happens to ensure that access to your insured deposits is not interrupted.
Questions About Deposit Insurance?
- Deposit Insurance FAQ
- Or Call 877-275-3342 (877-ASK-多宝游戏下载)