FDIC insurance Do you have the facts on FDIC insurance? Member FDIC. You've seen that phrase hundreds of times, but have you ever stopped and asked yourself what it really means? The Federal Deposit Insurance Corporation (FDIC), an independent agency of the federal government, protects against the loss of insured deposits in the event an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States Government. If your insured bank fails, FDIC insurance will cover your deposit accounts, dollar for dollar up to the insurance limit, including principal and any accrued interest through the date of the insured bank’s closing. Deposits at FDIC-insured institutions are insured to at least $250,000 per depositor for each account ownership category. Learn more at: https://www.fdic.gov/deposit FDIC deposit insurance coverage depends on two things: (1) whether your chosen financial product is a deposit product; and (2) whether your bank is FDIC-insured. The FDIC covers: Checking accounts Negotiable Order of Withdrawal (NOW) accounts Savings accounts Money market deposit accounts (MMDAs) Time deposits such as certificates of deposit (CDs) Cashier's checks, money orders, and other official items issued by a bank The FDIC does not cover: Stock investments Bond investments Mutual funds Life insurance policies Annuities Municipal securities Safe deposit boxes or their contents U.S. Treasury bills, bonds or notes Depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution. If you are interested in FDIC deposit insurance coverage, simply make sure you are placing your funds in a deposit product at the bank. Questions About How Much FDIC Insurance Coverage You Have? Take advantage of the FDIC's Electronic Deposit Insurance Estimator (EDIE) to calculate the FDIC insurance available for your personal and/or business deposits at: https://edie.fdic.gov/. For additional information relating to FDIC insurance coverage, call the FDIC at 1-877-275-3342, or visit its website at https://www.fdic.gov/. 1 The information on this web page contains selected text of FDIC information extracted from FDIC brochures available on the FDIC's official website at www.FDIC.gov. This information is presented in a non-technical way and is not intended to be a legal interpretation of the FDIC's laws and regulations on insurance coverage. Greater detail concerning technical aspects of insurance coverage can be found by consulting the Federal Deposit Insurance Act (12 USC 1811 et seq.) and the FDIC's regulations relating to insurance coverage (12 CFR Part 330). In the event of a discrepancy or dispute between this document and the information at , the information provided at will prevail. Information subject to change. Read more ABOUT UNION BANK Careers News About us Corporate profile Diversity and culture Corporate social responsibility Contact us FDIC insurance information PRODUCTS Personal Business Commercial The Private Bank HELP Learning center Verification requests LIBOR update Accessibility Terms of use Privacy and security California: privacy Do Not Sell My Personal Information Sitemap LANGUAGE Japanese services 日本語ページ FOLLOW US LOCATE A BRANCH To find your nearest branch, enter your zip code below. ©2021 MUFG Union Bank, N.A. All rights reserved. Member FDIC. Union Bank is a registered trademark and brand name of MUFG Union Bank, N.A.