Money and the economy seems to be on everyone's mind. At a time when investments are fluctuating, many people are beginning to question the safety of the money they have on deposit in their local bank.

If your bank is FDIC insured and your deposits are under the current minimum limits you don't need to worry. FDIC insurance covers money that has been deposited into covered accounts. This includes checking, savings and certain other accounts.

It's very simple to check if your bank or credit union is Federally Insured using the following sites.

FDIC Bank Find
This handy tool allows you to find out not only if a bank is FDIC insured, but it's history and links to detailed financial information. For a detailed summary of all the banks in your area, simply fill in the city, state and zip code and click find.

Electronic Deposit Insurance Estimator (EDIE)
For more specific information about your accounts use EDIE to determine if all of your accounts are insured.

Credit Union Federal Deposit Insurance
If you bank with a credit union, then use the National Credit Union Administration's Federal Insurance Check tool. Unlike the Bank Find tool, simply filling in a city and state did not bring up credit unions in my area. After searching the entire state, I found my local credit unions were all list under the city where their main office was located.

It is important to note that not every type of account held in an FDIC insured institution is covered by FDIC insurance.

For more information about what is and isn't covered under FDIC Insurance click on the following links:

Insured or Not Insured?
Facts About Bank Investments
Your Investments