Are your deposits fully insured at your financial institution? All Deposits in FDIC-insured institutions are insured by the federal government. When your money is FDIC insured, you cannot lose a penny, no matter what. However, as with any insurance, there are coverage limits and requirements that must be met. If you have more than $250,000 on deposit in the bank, you may have more, or less, deposit insurance coverage than you think.