Insured Bank or Not?

Banks have evolved in recent years into financial supermarkets offering a wide selection of products beyond traditional checking and savings accounts insured by the FDIC. These additional choices include stocks, bonds, mutual funds, annuities, life insurance and other financial products that are not FDIC-insured deposits.

FDIC-insured accounts, including principal and interest, are protected up to the limits of at least $250,000 per depositor per insured institution if the bank fails. Be sure your bank is FDIC-insured.

If the bank is insured, certain accounts there are also insured. These primarily are:

Checking accounts (including money market deposit accounts, which are not the same as money market mutual funds that invest in non-deposit investments and are not insured)
Negotiable order of withdrawal (NOW) accounts
Savings accounts
Certificates of Deposit (CDs)
Retirement accounts placed in deposits at insured institutions.
Products that are NOT FDIC-insured, even if purchased from a bank, are subject to investment risks, including the possible loss of principal. These include investments in:
Mutual funds (stock, bond or money market mutual funds)
Annuities
Stocks
Municipal bonds.
Treasury securities and Savings Bonds are not insured by the FDIC but are backed by the full faith and credit of the U.S. government.

Contents of safe deposit boxes are not protected by FDIC insurance.

Source: FDIC