The content is accurate at the time of publication and is subject to change.
CDs are typically insured by either the Federal Deposit Insurance Corporation (FDIC) for banks or the National Credit Union Administration (NCUA) for credit unions. These agencies provide insurance coverage to protect your deposits. In general, the FDIC and NCUA insure deposits up to $250,000 per account owner, per institution. This means that your funds are safeguarded in the event of a bank or credit union failure, providing a high level of security for your investments.