Yes. Bank of America is FDIC-insured, and FDIC coverage protects deposits up to $250,000 per depositor, per bank, per ownership category. Since $100,000 falls well under that limit, your full deposit would be protected even if the bank failed.
Beyond insurance, Bank of America is one of the largest, most systemically important banks in the U.S., subject to strict regulatory oversight, stress testing, and capital requirements from the Federal Reserve and OCC. It’s considered financially stable by major rating agencies.
If you want extra peace of mind, you could spread funds across ownership categories (individual, joint, retirement accounts) or across multiple FDIC-insured banks, but for $100,000 in a standard savings account, you’re already fully covered. Always confirm your account type qualifies for standard FDIC coverage.
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