What is insured by the FDIC?
• Savings deposits. • Checking deposits. • Deposits in NOW accounts. • Christmas club accounts. • Certificates of deposit. • Cashiers’ checks. • Officers’ checks. • Expense checks. • Loan disbursement checks. • Interest checks. • Outstanding drafts. • Negotiable instruments and money orders drawn on the institution. • Certified checks, letters of credit and travelers’ checks, for which an insured depository institution is primarily liable, also are insured when issued in exchange for money or its equivalent, or for a charge against a deposit account. What is not insured by the FDIC? • Contents in a safe-deposit box. • Money market mutual funds. • Annuities. • Stocks. • Bonds. • Treasury securities. • Any investment product whether purchased through a bank or a broker/dealer. Some states require that all institutions that accept deposits carry federal deposit insurance. All federally insured banks and savings and loans must prominently display the FDIC seal. The agency insures the princ
