In the United States, the standard FDIC deposit-insurance limit is $250,000 per depositor, per insured bank, per ownership category.
The Federal Deposit Insurance Corporation, or FDIC, was created in 1933 during the Great Depression. Its insurance protects covered deposits at member banks if an insured bank fails. Covered products generally include checking accounts, savings accounts, certificates of deposit, and certain other deposit accounts.
The limit applies separately across ownership categories, such as single accounts and some joint accounts, so a customer’s total protection can exceed $250,000 when funds are structured in eligible categories. The limit does not mean every account at every financial company is insured.
Stocks, bonds, mutual funds, and cryptocurrency are not FDIC-insured deposits. Brokerage accounts may have different protection through the Securities Investor Protection Corporation, which is not the same as FDIC insurance.