What investments are insured?
Only accounts deposited in federally insured banks are insured. If you are not sure whether your bank is insured, here is a link to the FDIC’s website. Not all investments purchased at the bank are insured. The FDIC insured accounts include: checking accounts, savings accounts, NOW accounts, and money market accounts. Money market accounts invested some place other than in an FDIC insured bank are not insured. This includes money market accounts invested with your broker. Investments other than those listed above, even if purchased at the bank, are not insured. The FDIC insurance does not apply to stocks, bonds, mutual funds or other investment instruments. The insurance is limited to $100,000 per depositor per bank. Joint accounts are insured to $200,000. IRA accounts that are covered by the insurance (invested in cash at an FDIC insured bank) are insured to $250,000. If you have more than $100,000 invested in all your accounts combined at one bank, move the excess to another bank or banks. The limit is not $100,000 per account, it is $100,000 per bank.