What is not insured by the FDIC?
A. The FDIC does not insure the money individuals invest in stocks, bonds, municipal bonds, or other securities; mutual funds, (including money market mutual funds, and mutual funds that invest in stocks, bonds and other securities); annuities (which are contracts underwritten by insurance companies that guarantee income in exchange for a lump sum or periodic payment); or insurance products such as automobile and life insurance even if these products were purchased at an insured bank or through an affiliated broker/dealer/insurance agent that is offering these products on behalf of a bank. The FDIC does not insure U.S. Treasury bills, bonds, or notes, but these are backed by the full faith and credit of the United States Government. Also, the FDIC insurance doesn’t cover valuables in safe deposit boxes. These contents, however, may be covered either by the bank’s private insurance or the box holder’s personal homeowner’s insurance. Furthermore, the FDIC does not insure against loss of
