FDIC Consumer News provides practical guidance on how to become a smarter, safer user of financial services. Each issue offers helpful hints, quick tips, and common-sense strategies to protect and stretch your hard-earned dollars.

FDIC Advertising, Education Campaign Reminds Consumers About Deposit Insurance Limits

On June 16th, exactly 75 years after President Franklin Delano Roosevelt signed legislation creating the FDIC in 1933, Chairman Sheila C. Bair announced a public education campaign designed to raise consumer awareness about deposit insurance coverage limits.

“We at the FDIC are very proud to say that no depositor has ever lost a penny of insured funds at an FDIC-insured institution,” she said. “As bank customers age and accumulate wealth in savings and retirement accounts, now more than ever, it’s important for people to know their deposit insurance limits.”

The education campaign includes national advertising in major newspapers and magazines, and a series of meetings around the country to bring FDIC officials and community leaders together to discuss deposit insurance coverage and other consumer protections, in areas such as mortgage lending.

Visit FDIC Consumer News, Summer 2008 Download Page

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Answers to Common Questions

• Do I Need to Know If My Bank Is Healthy?
• How Can I Be Sure I’m Fully Insured?
• What Happens If a Bank Fails?

Get a Good Night’s Sleep
Rest Assured, Your Money Is Safe in an FDIC–Insured Account
Here are answers to common questions

Do I Need to Know If My Bank Is Healthy?
The FDIC's guarantee to protect insured deposits is ironclad, regardless of an institution's financial condition
A lady waking up

If you've ever wondered about the health of your banking institution, here are answers to some common questions that can help give you peace of mind.

Should I be concerned about the health of an FDIC-insured bank or savings institution where I have deposits?

If your deposits are within the FDIC's insurance limits, as is the case for most bank customers, those deposits are safe regardless of the financial condition of your bank. Here's why.

First, the FDIC's guarantee — that we will protect against the loss of insured deposits if an FDIC-insured bank or savings associations fails — is ironclad. Since the creation of the FDIC 75 years ago, we have handled the failure of more than 2,200 insured depository institutions and "no one has ever lost so much as a penny of FDIC-insured deposits — not a single penny," said FDIC Chairman Sheila C. Bair. ...

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