So, what's NOT insured by the FDIC that consumers often mistakenly believe may be federally insured if a banking institution is involved?

• The contents of safe deposit boxes. Even though the word deposit appears in the name, under federal law a safe deposit box is not a deposit account—it's strictly a well-secured storage space rented by an institution to a customer. If you are concerned about the safety or replacement of items you put into a safe deposit box, ask your insurance agent whether your homeowner's or renter's insurance policy covers your safe deposit box against damage or theft.
• Losses due to theft or fraud at the institution. However, these situations often are covered by special insurance policies that banking institutions buy from private insurance companies.
• Errors made in your accounts. In these situations, there may be remedies for consumers under state contract law, the Uniform Commercial Code, and some federal regulations, depending on the type of transaction.
• Insurance and annuity products, such as life, auto and homeowner's insurance. Not only are these products not backed by the FDIC, but some insurance products may even lose value.
• Stocks, bonds and mutual funds.
• Investments backed by the U.S. government, such as Treasury securities and Savings Bonds.

Table of Contents
 

Increased Need For Knowledgeable Consumers

What is Insured?

Questions to Ask Before Buying an Investment

• What types of investment products would be suitable for my needs? 
• What are the chances I could lose money?
• Who should I contact if I have questions? 

How to Tell the Difference

$100,000 FDIC Insurance: What's Included

Final Thoughts - Conclusion

For More Help or Information

Banks: One-Stop Shopping for Financial Services -

Source: Federal Deposit and Insurance Corporation (FDIC)