Yes. Credit One Bank is an FDIC member, FDIC Certificate Number 25620, meaning funds deposited with Credit One Bank are insured up to the maximum allowed by law. Generally, the FDIC insures deposits held at the same financial institution according to the account’s ownership category of up to $250,000 for all individually owned accounts combined, $250,000 per owner in jointly-owned accounts combined, and up to $250,000 per beneficiary on revocable trust (Payable on Death) type accounts. The FDIC insures deposits according to ownership category with current maximums.