The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. Learn about the FDIC’s mission, leadership, history, career opportunities, and more.

The FDIC provides deposit insurance to protect your money in the event of a bank failure. Your deposits are automatically insured to at least $250,000 at each FDIC-insured bank.

Jan 6, 2025 · Are My Deposit Accounts Insured by the FDIC? FDIC insurance covers traditional deposit accounts, and depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution.

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [8]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the

Apr 29, 2024 · The FDIC (Federal Deposit Insurance Corporation) is an independent government agency that oversees the banking industry. The FDIC’s primary duty is to insure deposits at U.S. member banks...

Mar 12, 2025 · FDIC insurance isn't usually a hot topic, but when it comes to protecting your money, it's smart to at least know the basics. Even though I'm in the financial industry, it wasn't top of mind for me until my grandparents asked me for help when they were getting their affairs in order. They had their savings in many accounts and were tired of ...

Mar 14, 2023 · What Is the Federal Deposit Insurance Corp. (FDIC)? The Federal Deposit Insurance Corp. (FDIC) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of...

Mar 21, 2025 · The Federal Deposit Insurance Corporation (FDIC), which protects insured bank deposits, may be facing changes. According to CNN, in late 2024, then-President-elect Donald Trump’s allies were talking about potentially dismantling the FDIC and putting the U.S. Treasury in charge of deposit insurance.. NPR reported that Project 2025 called for merging the FDIC and other banking regulators, and ...

Apr 1, 2024 · FDIC deposit insurance protects your money in deposit accounts at FDIC-insured banks in the event of a bank failure. Since the FDIC was founded in 1933, no depositor has lost a penny of FDIC-insured funds. The FDIC helps maintain stability and public confidence in the U.S. financial system.

The Federal Deposit Insurance Corporation (FDIC) answers questions about federal deposit insurance coverage, and handles complaints and inquiries about FDIC-insured state banks which are not members of the Federal Reserve System.