SIPC vs. FDIC: What is and isn’t covered

 SIPC (brokerage firms)FDIC (banks)
Coverage amountUp to $500,000 per customer, which includes a maximum $250,000 of cash coverageUp to $250,000 per depositor, per ownership category
What is coveredStocks, bonds, Treasury securities, certificates of deposit, mutual funds, money market mutual funds held at an SIPC member firmMoney in deposit accounts, including checking and savings accounts, money market deposit accounts (not money market mutual funds), certificates of deposit
What isn’t coveredInvestment losses

Investments in commodity futures, fixed annuities, currency, hedge funds or investment contracts (e.g., limited partnerships) not registered with the SEC

Accounts of partners, directors, officers or those with a significant/beneficial ownership in the failed firm
Mutual fund investments (stock, bond or money market), stocks, bonds, Treasurys and other investment products purchased at a bank, brokerage or dealer


Life insurance policies

Safe deposit box contents
Who is coveredU.S. and non-U.S. citizens with accounts at a member institutionU.S. and non-U.S. citizens with accounts at a member institution
Sources: Securities Investor Protection Corporation (, Federal Deposit Insurance Corporation (

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