Each depositor insured to at least $250,000 per insured bank



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Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the recent changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

Winter 2003/2004

Test Your Deposit Insurance IQ

6. Sorry, that is incorrect.

The correct answer is "False."

All of your self-directed retirement accounts at the same insured bank (self-directed means that you decide where the money is deposited) are added together and the total is insured up to $100,000. Opening multiple IRAs or adding beneficiaries will not increase insurance coverage.

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Last Updated 06/02/2004 communications@fdic.gov