If you open an account with an FDIC-insured bank, you are automatically enrolled in the federal insurance. It’s rare for a bank not to have FDIC insurance, but there are exceptions.

The answer is different if you owned a bank CD in your name valued at $300,000. FDIC insurance would cover $250,000 and $50,000 would be uninsured. If you split that CD investment into separate CD ...

The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money in a bank should it fail. Deposits are insured for up to $250,000 per depositor, per ...

FDIC insurance was specifically designed to protect depositors from the risk of default that is unique to deposit accounts. This insurance is provided by “insured” banks and savings and loans.