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 FDIC Insurance

Coverage Overview (Con't)

The standard limit on FDIC insurance is $250,000 per depositor and $250,000 for certain retirement accounts per FDIC-insured bank. This means that the combined total of your savings, checking and other deposit accounts in a single bank covered by the FDIC is insured only up to $250,000 of the total value and $250,000 for certain retirement accounts.

However, you are, in effect, insured for up to $250,000 and $250,000 for certain retirement accounts in every FDIC-insured bank that you have deposits with. Keep in mind that deposits made in separate branches of the same bank are not considered separately insured and are aggregated up to the insurance limits.

The FDIC insures only deposit accounts. The following chart shows what's covered and not covered by FDIC insurance at an FDIC-insured bank such as First CornerStone Bank.

FDIC Insurance Coverage



Checking Accounts

Savings Accounts

Money Market Deposit Accounts

Certificates of Deposits

Negotiable Items (Official Checks, Money Orders, etc.)


Stocks & Bonds

U.S. Treasury Bills

Mutual Funds

Life Insurance Policies


Municipal Securities

Safe Deposit Box Contents

Loss of deposits by fire, theft or fraud


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