Are all bank accounts insured by the FDIC?

Sort By:
Most Helpful
September 2016
70% of people found this answer helpful

Many people assume that all bank accounts are FDIC insured, sadly this is not the case. Likewise, not all money you deposit into an account with FDIC will be covered by the insurance. Accounts are generally insured for just the first $250,000 per account.

I don’t often recommend most people leave this kind of money sitting in a bank account. Especially with today’s low interest rates. If you must have this kind of cash sitting around, you may want to have accounts at more than one institution.

Yours in Success

David Rae, CFP


Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA, SIPC, a Registered Investment Advisor. Trilogy Capital Trilogy Financial and NPC are separate and unrelated entities.  The opinions voiced in this article are for general information only and do not constitute an endorsement by NPC. NPC does not provide tax advice.

August 2016
August 2017
August 2016
October 2008