TD Bank deposits are FDIC insured up to $250,000 per depositor, per account category, at each FDIC-member bank

Yes. TD Bank, N.A. is a member of the Federal Deposit Insurance Corporation (FDIC), which means your money in most deposit accounts is protected by federal insurance. The standard coverage limit is $250,000 per depositor, per account category, per bank. This protection applies to checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs).

The FDIC insurance covers your principal balance plus any interest earned up to the $250,000 limit. If TD Bank were to fail, the FDIC would pay out your insured deposits directly. This coverage is automatic — you do not need to sign up or pay a fee for it.

However, the $250,000 limit applies to each account category separately. This means you can have $250,000 in a personal checking account and another $250,000 in a personal savings account at the same TD Bank branch, and both would be fully covered. Joint accounts, retirement accounts (IRAs), and trust accounts each have their own $250,000 coverage limit.

Key Takeaways

  • TD Bank deposits are FDIC insured up to $250,000 per depositor, per account category, which covers checking, savings, money market, and CD accounts.
  • The $250,000 limit resets for each account type, so a personal checking account and personal savings account are insured separately.
  • Joint accounts, retirement accounts, and trust accounts each have their own $250,000 coverage limit and are not combined with personal accounts.
  • FDIC insurance is automatic and free; you do not need to take any action to be covered.
  • Deposits above $250,000 in a single account category at TD Bank are not covered by FDIC insurance.

How FDIC coverage works across different account types

The FDIC separates accounts into categories, and each category gets its own $250,000 protection. A personal account (in your name alone) is one category. A joint account (shared with another person) is a separate category. An Individual Retirement Account (IRA) is another category. A trust account is yet another.

This structure means you can spread your money across different account types at TD Bank and maintain full coverage on each. For example: $250,000 in a personal checking account, $250,000 in a joint savings account with your spouse, and $250,000 in an IRA would all be fully covered. The total is $750,000, but each account type is insured separately.

If you have multiple accounts within the same category — say, two personal checking accounts at TD Bank — the FDIC adds them together and covers only up to $250,000 combined. The bank name matters too: if you have accounts at TD Bank and also at another FDIC-member bank, each institution's coverage is separate.

What deposits are not covered by FDIC insurance

FDIC insurance does not cover investment products, even if you buy them through TD Bank. Stocks, bonds, mutual funds, and brokerage accounts are not FDIC insured. If you hold these at TD Bank's investment division, they are protected under different rules (typically Securities Investor Protection Corporation, or SIPC, coverage for brokerage accounts).

Safe deposit boxes and their contents are also not covered by FDIC insurance. The valuables you store in a safe deposit box at TD Bank — jewelry, documents, collectibles — are your responsibility to insure separately, usually through a homeowners or renters policy.

Deposits in accounts held in a business name are covered under a separate category with their own $250,000 limit. If you own a sole proprietorship, partnership, or corporation with an account at TD Bank, that account is insured separately from your personal accounts.

What happens if you exceed the $250,000 limit

Money you hold above $250,000 in a single account category at TD Bank is not protected by FDIC insurance. If the bank fails, you would lose access to the uninsured portion. This is why people with large sums often split deposits across multiple banks or use different account categories.

For example, if you have $300,000 in a personal savings account at TD Bank, the FDIC would cover $250,000 and you would bear the risk on the remaining $50,000. You could move $50,000 to a savings account at another FDIC-member bank to bring both accounts within the coverage limit.

Some people use a service called IntraFi (formerly Promontory Interbank Network) to automatically spread large deposits across multiple FDIC-member banks while keeping them in one place. TD Bank may offer this service, so you can ask about it if you regularly hold balances above $250,000.

FDIC insurance does not protect against fraud or theft

FDIC insurance protects your deposits if the bank itself fails. It does not cover money stolen from your account due to fraud, identity theft, or unauthorized transfers. If someone gains access to your account and withdraws funds, you would need to report it to TD Bank and potentially file a dispute or police report.

TD Bank offers fraud protection and monitoring tools, but these are separate from FDIC insurance. You are responsible for protecting your account credentials, monitoring your statements, and reporting suspicious activity promptly. Most banks have time limits for disputing unauthorized transactions, so act quickly if you notice something wrong.

How to verify TD Bank's FDIC membership

You can confirm that TD Bank is FDIC insured by visiting the FDIC's official website and using their Bank Find tool. Search for "TD Bank, N.A." and you will see its FDIC certificate number, the date it joined the FDIC, and its current insurance status. This tool also shows you the exact coverage limits for each account type at that specific bank.

The FDIC website also has a calculator that lets you enter your account details — account type, balance, and whether it is joint or individual — and it will tell you exactly how much of your money is covered. This is useful if you have complex account arrangements or multiple account types at TD Bank.

Frequently Asked Questions

If I have $500,000 in a TD Bank savings account, how much is covered?

Only $250,000 is covered by FDIC insurance. The remaining $250,000 is uninsured. To protect the full amount, you would need to move $250,000 to a savings account at another FDIC-member bank, or use a service like IntraFi to split the deposit across multiple banks automatically.

Are my TD Bank CDs covered by FDIC insurance?

Yes. Certificates of deposit at TD Bank are FDIC insured up to $250,000 per depositor. Each CD is counted separately if you have multiple CDs, but the total coverage across all your CDs in the same category at TD Bank is $250,000.

Is my joint account with my spouse covered separately from my personal account?

Yes. Joint accounts are a separate coverage category from personal accounts. You can have $250,000 in a personal checking account and $250,000 in a joint savings account with your spouse, and both are fully covered by FDIC insurance.

What if TD Bank is sold to another bank — do I keep FDIC coverage?

Yes. FDIC coverage follows your deposits regardless of which bank holds them. If TD Bank is acquired or merges with another FDIC-member bank, your coverage continues. During a merger, the FDIC may temporarily increase coverage limits for a period to protect depositors.

Are money market accounts at TD Bank FDIC insured?

Yes. Money market deposit accounts at TD Bank are FDIC insured up to $250,000 per depositor. Money market accounts are treated as a deposit account category, separate from checking and savings accounts for coverage purposes.