What are the ownership categories and how are they covered under FDIC insurance?
Individual Accounts (owned by one person) $250,000 per owner* Joint Accounts (owned by two or more persons) $250,000 per co-owner* IRAs and certain other retirement accounts $250,000 per owner Trust Accounts (including POD and Living Trusts) $250,000 per owner, per beneficiary subject to specific limitations and requirements* * The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met. • How can I determine if all of my money is insured? The best way to calculate your FDIC insurance coverage is to use the Electronic Deposit Insurance Calculator (EDIE) provided by the FDIC on their website. Click here to go the EDIE calculator. FDIC Consumer News provides practical guidance on how to become a smarter, safer user of financial services. Each issue offers helpful hints, quick tips, and common-sense strategies to protect and stretch your hard-earned dollars. You can search for FDIC Consumer
