Safe Deposits

Are my deposits safe?

Deposit insurance for Missouri banks & credit unions

Banks, savings & loan associations and credit unions doing business in Missouri have federal deposit insurance through the Federal Deposit Insurance Corporation (FDIC) for banks and the National Credit Union Share Insurance Fund (NCUSIF) for credit unions. These funds cover both federally and state-chartered institutions.

In general, the FDIC (banks) and NCUA (credit unions) provide depositors with $250,000 in coverage for their individual deposit accounts.

Insured accounts include:

  • Savings
  • Checking
  • NOW accounts
  • Money market
  • Certificate of deposit (CD)
  • Certain retirement accounts, including IRAs

Accounts NOT covered include:

  • Stocks & bonds
  • Mutual funds
  • Life insurance accounts
  • Annuities
  • Municipal securities

The insurance funds cover $250,000 per depositor. (Prior to October 2008, these limits were $100,000.)

If you have more than $250,000 in deposits, contact your bank or credit union to find out if all your money is covered. For help answering that question, you can also visit the FDIC’s “Edie the Estimator” or the NCUSIF’s E-SIC estimator.