What amount does the FDIC currently insure per depositor?

The Federal Deposit Insurance Corporation (FDIC) insures each depositor in a federally insured bank for up to $250,000. This insurance protects depositors in the event that the bank fails, ensuring that they do not lose their savings. The $250,000 limit applies to the total amount of deposits held in each insured bank, which includes checking accounts, savings accounts, and certificates of deposit.

The limit was increased to $250,000 in 2008 and has remained steady since then, reflecting the FDIC's commitment to providing a stable banking environment and protecting consumer funds. Knowing this amount is essential for individuals managing their finances and ensuring they stay within the limit to maximize their insured deposits.