The Federal Deposit Insurance Corporation (FDIC) is a U.S. government corporation that was established as a result of the numerous bank failures from the Great Depression. FDIC insurance covers checking and savings deposits at any FDIC insured bank. If the bank were to go belly-up, your bank accounts would insured up to $100,000. The following types of accounts are covered by FDIC insurance:

• Checking accounts
• Savings accounts
• Money Market deposit accounts
• CDs
• Cashier’s Checks

An important key to remember is that accounts at different banks are insured separately. You can get $100,000 of insurance at each bank you have deposits. Also, accounts in different ownerships (i.e. joint accounts and trust accounts) can be considered separately for the $100,000 insurance limit.
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