If you and your family have $250,000 or less in all of your deposit accounts at the same insured bank or savings association, you don't need to worry about your insurance coverage—your deposits are fully insured. A depositor can have more than $250,000 at one insured bank or savings association and still be fully insured provided the accounts meet certain requirements. In addition, federal law provides for insurance coverage of up to $250,000 for certain retirement accounts.