Is my account insured by the FDIC?

Yes, all deposit accounts at Commerce Bank are insured by the Federal Deposit Insurance Corporation (FDIC). This means that if the bank were to fail, your deposits would be protected up to the legal limit of $250,000 per depositor. The FDIC is an independent agency established by the U.S. government to maintain stability and public confidence in the nation's banking system. It is important to note that not all financial products and services offered by Commerce Bank are FDIC insured, such as investments in mutual funds or annuities. However, traditional deposit accounts like checking and savings accounts, certificates of deposit (CDs), and money market deposit accounts (MMDAs) are all covered by FDIC insurance.