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2016 Special FDIC Edition - A Bank Customer’s Guide to Cybersecurity. What Consumers Can Do ... and What Banks and Regulators Are Doing ... to Help Prevent Online Fraud and Theft.

FDIC Basic Coverage Amounts Increased

The Federal Deposit Insurance Corporation (FDIC) has permanently raised the basic insurance limit on deposits to at least $250,000 per depositor. This is known as the Standard Maximum Deposit Insurance Amount (SMDIA).

Types Of Accounts Eligible For FDIC Insurance

FDIC insurance covers all types of deposit accounts at insured banks and savings associations, including checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs), up to the insurance limit. However, the FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased them through an insured bank or savings association.

Basic FDIC Coverage Limits

The base coverage amount is $250,000 per depositor for combined deposits in the same bank. However, if you have joint and individual accounts, you and your spouse may be eligible for additional coverage. To calculate how your own accounts are covered by FDIC insurance, visit and use EDIE the Estimator to create an easy to read report.

What Is The FDIC?

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects you against the loss of your deposits in the event that an FDIC insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

More Information Regarding The FDIC

For more information regarding the FDIC, visit or call the FDIC at 1.877.ASK.FDIC (1.877.275.3342).