FDIC insurance
How FDIC Insurance Applies to CDs
Deposit insurance is one reason many savers choose CDs. Here's how coverage generally works — and its limits.
Explore CD OptionsThe standard limit
The FDIC generally insures deposits up to $250,000 per depositor, per insured bank, per ownership category. All deposits you hold at the same bank in the same ownership category — checking, savings, CDs — are added together toward that limit.
Ownership categories
- Single accounts owned by one person
- Joint accounts owned by two or more people
- Certain retirement accounts, such as IRAs
- Trust accounts, revocable and irrevocable
- Business accounts for corporations, partnerships and unincorporated associations
Credit unions
Deposits at federally insured credit unions are covered by the National Credit Union Administration (NCUA) under similar limits, rather than the FDIC.
What FDIC insurance doesn't cover
FDIC insurance doesn't cover stocks, bonds, mutual funds, annuities, or losses from selling a brokered CD below its purchase price on the secondary market. It also doesn't cover non-bank companies — CDRateWise is not a bank, is not FDIC-insured, and does not provide deposit insurance.
To check your specific coverage, use the FDIC's Electronic Deposit Insurance Estimator (EDIE) or visit FDIC.gov.
Deposit insurance
Understand How CD Deposit Insurance Works
The FDIC generally insures deposits up to $250,000 per depositor, per insured bank, per ownership category. Coverage depends on the issuing institution, how the deposit is owned, and other eligibility criteria.
Ownership categories include single accounts, joint accounts, certain retirement accounts such as IRAs, trust accounts, and business accounts. Holding funds in different categories or at different insured banks can affect total coverage.
For brokered CDs, coverage generally applies at the issuing bank — not the brokerage — and depends on proper account titling and records.
CDRateWise is not an FDIC-insured bank and does not provide deposit insurance.
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