consumeraction

Released: August 21, 2008

Help Desk FAQ

What is covered by FDIC insurance?

If an insured bank or savings association fails, the FDIC protects deposit accounts — including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs) — against any loss up to the federal limits.

FDIC insurance doesn't protect against losses on nondeposit products — such as stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities — even if they were offered by insured banks.

For more help or information, you can call toll-free 1-877-ASK-FDIC (1-877-275-3342) from Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618. For more ways in contacting FDIC, please visit their Contact Us page.

For brochures, videos and other information on FDIC insurance, click here. You'll also find the FDIC's interactive Electronic Deposit Insurance Estimator (EDIE), which you can use to calculate the insurance coverage of your accounts and generate a printable report regarding coverage on your deposits.

Letters can be sent to: FDIC, Division of Supervision and Consumer Protection, 550 17th Street, NW, Washington, DC 20429-9990.