What does FDIC insured mean?
Answer:
FDIC insured means that all deposits made to
a bank or savings organization within the United States is protected in the event that the financial institution fails. Each day, millions of people deposit funds into a checking or savings account. In turn, banks credit the depositor’s account with the necessary funds.

Depositors trust their financial institution to keep accurate records of their deposits and withdrawals. Thus, funds are available when needed, and depositors can access their cash for bills, retirement, and other financial obligations. This insurance protects savings accounts, checking accounts, and certificates of deposits.

For fear that a bank, credit union, or financial institution fails the United States government insures a variety of deposits. To receive such protection from the government, your financial institution must be an insured bank. If so, you’re protected dollar-for-dollar up to a specific cash amount.

In many instances, FDIC insured is up to $100,000 per bank, per person. Hence, multiple account holders are insured up to $200,000. Retirement accounts are insured up to $250,000. 

FDIC insured is conditional. For example, this type of insurance does not protect your investment in bonds, mutual funds, stocks, annuities, and life insurance policies. Additional, FDIC does not offer protection for U.S Treasury bills and notes.
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