What if I have more than $100,000 (or $250,000) on deposit at a failed bank?
Even if you have more than the covered amount on deposit, you may still be eligible for greater coverage, depending on the nature and titling of the accounts. How does the FDIC calculate insurance for my individually owned accounts? Individually owned checking, savings, NOW, money market, CDs and accounts for a sole proprietorship are all included under this category. Amounts in each of your individual accounts are aggregated and the first $100,000 (or $250,000) is insured.
