Question

Which of the following types of accounts is not insured for $250,000 by the Federal Deposit Insurance Corporation (FDIC)?

Answer 1

The following are not insured by the FDIC:

(a) Non-deposit accounts such as annuities, mutual funds, stocks, bonds, municipal securities, government securities, and U.S. Treasury securities.

(b) Deposit accounts held at credit unions. (However, all federal credit unions and many state-chartered credit unions are federally insured by the NCUA.)

(c) The contents of safe deposit boxes.