Federal Deposit Insurance Corp.

The Federal Deposit Insurance Corp. (FDIC) is the federal agency that ensures deposits won’t be lost due to insolvency by a bank, thrift or community banks. It also monitors banks, including those that issue credit cards, for solvency and requires them to maintain certain levels of capital. The FDIC insures checking accounts, savings accounts and certificates of deposit to member banks up $250,000 per depositor.