Yes, a TD Bank account is FDIC-insured up to $250,000 per customer, per account ownership category. This means that even if TD Bank 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 TD Bank are FDIC-insured. The Federal Deposit Insurance Corporation only insures deposit accounts. They do not insure investment products, which can lose value.
TD Bank Products Covered by FDIC Insurance
- Checking accounts
- Savings accounts
- Money market accounts
- Certificates of deposit (CDs)
- Cashier’s checks
TD Bank Products NOT Covered by FDIC Insurance
- Life insurance policies
- Annuities
This answer was first published on 08/07/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
