What is deposit insurance?

Q: What is deposit insurance?

\u003cp\u003eDeposit insurance through the \u003ca class=\"glossary-term\" href=\"/education/glossary/federal-deposit-insurance-corporation/\"\u003eFederal Deposit Insurance Corporation (FDIC)\u003c/a\u003e protects bank customers in the event an FDIC-insured financial institution fails. It\u0026rsquo;s available for any deposit account opened at an FDIC-insured bank; there\u0026rsquo;s no need to purchase it!\u003c/p\u003e\n\u003cp\u003eDeposit insurance is calculated dollar-for-dollar up to FDIC limits \u0026ndash; factoring in the principal amount plus any interest accrued or due to the depositor \u0026ndash; through the date of default. The FDIC has created an \u003ca href=\"https://edie.fdic.gov/index.html\"\u003einsurance estimator\u003c/a\u003e that you can utilize for more information on how this may personally impact you.\u003c/p\u003e

Deposit insurance through the Federal Deposit Insurance Corporation (FDIC) protects bank customers in the event an FDIC-insured financial institution fails. It’s available for any deposit account opened at an FDIC-insured bank; there’s no need to purchase it!

Deposit insurance is calculated dollar-for-dollar up to FDIC limits – factoring in the principal amount plus any interest accrued or due to the depositor – through the date of default. The FDIC has created an insurance estimator that you can utilize for more information on how this may personally impact you.

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What is deposit insurance?

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