What's Not Protected By the FDIC

So what's not protected? Money Market mutual funds, or any mutual funds for that matter. Neither are stocks, bonds, annuities or life insurance investments. And here's something many people don't realize--safety deposit boxes are NOT covered. Check your homeowner's insurance policy to see if they cover your safety deposit box.

And, of course, any amount over the FDIC limit is not covered. So make sure you stay under the limits! This is not the time to get relaxed about knowing how much money is in each account. Keep an eye on the interest you're earning too, or you could find yourself unexpectedly exceeding a maximum.

Next: How Safe is Your Bank?

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