FDIC and NCUA Explained: How Your Bank Deposits Are Insured

FDIC and NCUA insurance protect the money you keep in banks and credit unions up to $250,000 per depositor, per institution, per ownership category. Ryan explains what is covered, checking accounts, savings accounts, and CDs, and what is not, including stocks, ETFs, annuities, and crypto. The FDIC covers banks; the NCUA covers credit unions. Both work similarly.Ryan walks through the ownership category rules, which is how you can legitimately insure more than $250,000 at a single institution by holding accounts under different titles. He also explains how spreading large cash balances across multiple banks keeps everything within insured limits. The core reassurance: no FDIC-insured depositor has lost covered funds since the agency was created in 1933. Talk to your financial advisor if you have balances that may exceed standard coverage.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!