FDIC insurance limits

FDIC insurance protects depositors in U.S. banks by insuring their deposits up to $250,000 per depositor, per insured bank, for each account ownership category. This means if the bank fails, your money is safe up to that limit. For joint accounts, each co-owner is covered for up to $250,000, effectively doubling the coverage. It's important to note that investments like stocks or bonds are not insured by the FDIC, ensuring it only applies to traditional deposit accounts like savings and checking accounts. Always check if your bank is FDIC-insured for added security.