What are the FDIC insurance coverage limits?
FDIC deposit insurance covers the balance of each depositor’s account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest. The basic insurance limit is $250,0001 per depositor, per insured bank. Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank. Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. All retirement accounts listed above owned by the same person in the same FDIC-insured bank are added together and the total is insured up to $250,000.
