FDIC protection

The Federal Deposit Insurance Corporation, more commonly known as FDIC, provides depositors with insurance so they know their money is safe. The deposits must meet three criteria to be guaranteed by the government:

  • The account must be held at an institution that is a member of the FDIC, such as U.S. Bank.
  • The product must be an insured product.
  • The amount of the deposit cannot exceed the protection limit.

The following table provides a snapshot of FDIC-insured products and their protection limits. See the FDIC handout (PDF) for additional details.

Ownership category

Coverage limit

Single accounts (owned by one person):

$250,000 per owner

Joint accounts (owned by two or more persons):

  • Checking accounts
  • Savings accounts
  • Certificates of deposit (CDs)

$250,000 per co-owner

$250,000 per owner

$250,000 for each beneficiary up to five (more coverage available with six or more beneficiaries subject to specific limitations and requirements)

$250,000 for the non-contingent interest of each unique beneficiary. Funds representing contingent interests are insured up to $250,000 in the aggregate.

$250,000 for the non-contingent interest of each plan participant

Corporation, Partnership and Unincorporated Association accounts

$250,000 per corporation, partnership or unincorporated association

Government accounts

$250,000 per official custodian (more coverage available subject to specific conditions)

For more detailed information about deposit insurance from the FDIC:

Ownership category

Coverage limit

Single accounts (owned by one person):

$250,000 per owner

Joint accounts (owned by two or more persons):

  • Checking accounts
  • Savings accounts
  • Certificates of deposit (CDs)

$250,000 per co-owner

$250,000 for each beneficiary up to five (more coverage available with six or more beneficiaries subject to specific limitations and requirements)

$250,000 for the non-contingent interest of each unique beneficiary. Funds representing contingent interests are insured up to $250,000 in the aggregate.

$250,000 for the non-contingent interest of each plan participant

Corporation, Partnership and Unincorporated Association accounts

$250,000 per corporation, partnership or unincorporated association

Government accounts

$250,000 per official custodian (more coverage available subject to specific conditions)

For more detailed information about deposit insurance from the FDIC:

Rest easy. We’ve got you covered.

Your money and data are protected with:

  • Zero fraud liability1
  • The industry's strongest available encryption
  • Security alerts

Frequently asked questions

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Disclosures

  1. Zero fraud liability – U.S. Bank provides zero fraud liability for unauthorized transactions. Cardholder must notify U.S. Bank promptly of any unauthorized use. Certain conditions and limitations may apply. See the Electronic Fund Transfers section in Your Deposit Account Agreement (PDF) for details.

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For U.S. Bank:

Deposit products are offered by U.S. Bank National Association. Member FDIC.