The Federal Deposit Insurance Corporation (FDIC) insures all deposits made to checking accounts, savings accounts, money market accounts and certificates of deposit, including online accounts, according to the FDIC. The FDIC does not insure special services a bank may offer such as stocks, bonds and annuities.
Generally, the FDIC issues each depositor $250,000 in coverage per account, per bank. The FDIC was founded in 1933 and to this day, no depositor has ever lost any insured money.
For those funds that are not insured by the FDIC, such as mutual funds or life insurance policies, many financial institutions offer their own form of insurance. When in doubt, bankers should contact the appropriate banking institution.