Is my account insured by the FDIC?

Yes, accounts at Commerce Bank are typically insured by the Federal Deposit Insurance Corporation, commonly referred to as the FDIC. This insurance protects depositors by covering the balance of their accounts up to the statutory limit, which is currently set at two hundred fifty thousand dollars per depositor, per insured bank, for each account ownership category. It is important to understand that this coverage applies to deposit accounts such as savings accounts, checking accounts, and certificates of deposit, but does not extend to investment products, such as stocks or mutual funds. To confirm specific details about your account and its coverage, it is advisable to refer to the current Commerce Bank website where they provide comprehensive information regarding FDIC insurance.