Your eligible deposits at Acme Bank are protected by FDIC insurance.
The FDIC (Federal Deposit Insurance Corporation) insures deposits up to $250,000 per depositor, per ownership category, if an insured bank fails. Acme Bank is an FDIC-insured institution.
What is covered
Checking accounts
Savings and money market deposit accounts
Certificates of deposit (CDs)
What is not covered
Investments such as stocks, bonds, and mutual funds
Cryptocurrency
Joint accounts
Each co-owner of a joint account is insured up to $250,000, so a two-owner joint account can be covered up to $500,000.
For full details, see fdic.gov.