What Was the FDIC Insurance Limit in 2014?

In 2014, the Federal Deposit Insurance Corporation limit was $250,000 for each depositor, each insured bank and each category of account ownership, explains the FDIC. FDIC insurance coverage does not include annuities, mutual funds, stocks, bonds, life insurance policies or other financial services and products that banks offer.

Categories of account ownership that the FDIC insurance covers include single accounts, which are one-owner deposit accounts with no named beneficiaries; joint accounts, which have two or more owners and no named beneficiaries; corporation, partnership or unincorporated association-owned deposit accounts, which include for-profit and non-profit organizations; and certain retirement accounts, in which the plan participants can direct how the money is invested, explains the FDIC. The U.S. government created the agency in 1933, and depositors have never lost any FDIC-insured funds, notes the agency.