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Are Individual Retirement Accounts (IRAs) FDIC insured?

April 26, 2017FDIC individual insured IRAs retirement accounts

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Are Individual Retirement Accounts (IRAs) FDIC insured?

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Yes, IRA accounts are FDIC insured up to $250,000. IRA deposits maintained in different categories of legal ownership are separately insured. Also, IRA funds are separately insured from any non-IRAs the depositor may have at an institution. Aurora Bank offers a Traditional IRA RetirementBuilder and Roth IRA RetirementBuilder.