Deposit insurance is one of the most significant benefits of holding a bank account with an FDIC-insured institution; it is the way in which the FDIC protects your money in the unlikely case of a bank collapse.
If your bank fails, you will lose your money.
The normal insurance amount is $250,000 per depositor, each insured bank, and for each account ownership type, with a maximum insurance value of $500,000.
