What is the minimum amount that the FDIC insures for bank deposits in the USA?

The Federal Deposit Insurance Corporation (FDIC) insures bank deposits in the United States up to a limit of $250,000 per depositor, per insured bank, for each account ownership category. This means that if a bank fails, depositors are guaranteed to get their money back up to this amount, providing a significant safety net for individuals and small businesses against bank failures.

Understanding the importance of this limit helps consumers make informed decisions about where to hold their savings and emphasizes the protection afforded to their funds within this threshold. The increase from previous limits to $250,000 demonstrates the FDIC's response to economic changes and the need for robust consumer protection in the banking system.