text: is it better to put your money in a bank thats fdic insured? i notice some banks like capitalone and chase are not fdic insured..is it still a good choice to put money in these banks? only banks chartered before 1932 are not required to be fdic insured.  there are less than a dozen of them.  fdic insuranc guarantees that you will get back up to $100,000 worth of principal in the event of bank failure and that is guaranteed by the full faith and credit of the united states.  on the other hand, i cannot imagine the circumstance where chase would fail in the next five years, so it probably does not matter.  as a note, chase is fdic insured for deposits and i am sure capitalone is too.