The FDIC covers checking accounts, Negotiable Order of Withdrawal (NOW) accounts, Savings accounts, Money Market Deposit Accounts (MMDAs), Time deposits such as certificates of deposit (CDs), Cashier's checks, money orders, and other official items issued by a bank

The FDIC does not cover Stock investments, Bond investments, Mutual funds, Life insurance policies, Annuities, Municipal securities, Safe deposit boxes or their contents, U.S. Treasury bills, bonds, or notes

FDIC Deposit Insurance Coverage Limits by Account Ownership Category

•    Single Accounts (Owned by One Person) $250,000 per owner

•    Joint Accounts (Owned by Two or More Persons) $250,000 per co-owner

•    Certain Retirement Accounts (Includes IRAs) $250,000 per owner

•    Revocable Trust Accounts $250,000 per owner per unique beneficiary

•    Corporation, Partnership, and Unincorporated Association Accounts $250,000 per corporation, partnership, or unincorporated association

•    Irrevocable Trust Accounts $250,000 for the noncontingent interest of each unique beneficiary

•    Employee Benefit Plan Accounts $250,000 for the noncontingent interest of each plan participant

•    Government Accounts $250,000 per official custodian (more coverage available subject to specific conditions)