Lauren Smith, WalletHub Staff Writer
@laurenellesmith
Yes, a Chase account is FDIC-insured up to $250,000 per customer, per account ownership category. This means that even if Chase fails, you will eventually be able to recover an individual account’s balance up to $250,000.
If you have a joint account, each co-owner of the account is considered a separately insured customer. As a result, you can collectively recover the account’s balance up to $500,000 in the event of a bank failure, assuming you have no other shared accounts.
However, not all financial products offered by Chase are FDIC-insured. The Federal Deposit Insurance Corporation only insures deposit accounts. They do not insure investment products, which can lose value.
Chase Products Covered by FDIC Insurance
- Checking accounts
- Savings accounts
- Certificates of deposit (CDs)
Chase Products NOT Covered by FDIC Insurance
- Money market accounts
- Cashier’s checks
- Stocks
- Bonds
- Mutual funds
- Life insurance policies
- Annuities
- Securities
- Safety deposit boxes or their contents
People also ask
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- Non-FDIC Insured Banks: While rare, there are some banks within the United States that do not have FDIC insurance. One notable example is the Bank of...
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