Yes, IRA accounts are covered up to $250K.FDIC and NCUA AFAIK do not insure IRA accounts. They may insure some assets held in IRAs, though. Look to SIPIC for IRA coverage.
I don't worry about any of it. Probability of loss is IMO incredibly low, essentially zero.
Yes. That is FDIC/NCUA coverage of deposit accounts or CDs, not coverage of IRA accounts per se. Other assets that may be held in IRA accounts would not be covered by that kind of insurance.You can have up to 250k in multiple banks or credit unions and still be fully covered as best as I understand. For example buy 250K at Wells Fargo and another 250K at B of A and another $250K at your credit union and more at Fidelity with a different bank. I never go as high as 250K at each because the interest would take me over the insurance limit.
I hope other will clarify my understanding.
Yes. That is FDIC/NCUA coverage of deposit accounts or CDs, not coverage of IRA accounts per se. Other assets that may be held in IRA accounts would not be covered by that kind of insurance.
For example, Schwab uses Schwab Bank for the sweep account in my IRA and the bank has FDIC insurance but that is insurance on only the sweep account, not on the whole IRA. If the sweep account was the only asset held in the IRA then I guess you could consider FDIC to be insuring the IRA but that is not really the legal situation.
At least that is my understanding.
Yes, I am refering to banks and CUs. In this particular instance, one of my CU's has an exceptional APY rate of either 5.34% for 3 years and 4.97% for 5 years.I'm pretty sure the OP was referring to IRA accounts with deposit products like CDs at banks and credit unions and NOT IRA brokerage accounts.