With the tumbles in the market many are worrying about their savings. Personally, I've decided not to look at my retirement account that's invested. I think in this instance burying my head in the sand is the best policy. That's the only account I'm worried about because I haven't invested much and I know that the rest of my accounts are FDIC insured.
The Federal Deposit Insurance Corporation insures deposits in approved banks across the US. On their website you can search for your bank to see if it is covered or put in your account info to see how much of your money would be protected in the event that your bank was to fail. Generally checking, savings, trust, CDs, money market deposit accounts, and IRA retirement accounts held with insured institutions are protected. Funds with higher returns, including mutual funds, annuities, life insurance policies, stocks and bonds, are not insured. Essentially, with the chance of increased reward there is increased risk.
As I said, I'm not worried about my FDIC insured funds, especially since I am nowhere near the $100,000 insurance limits.