Certain Retirement Accounts including IRAs $250,000 per owner Revocable Trust Accounts $250,000 per owner per beneficiary up to five beneficiaries (more coverage available with six or more beneficiaries subject to specific limitations and requirements) Corporation, Partnership and Unincorporated Association...
Other kinds of ownership categories include certain retirement accounts, such as IRAs, trust accounts and employee benefit plan accounts. There’s separate coverage for money that’s in different categories of ownership. So a person who has multiple accounts at an insured bank could qualify for ...
FDIC insurance provides dollar-for-dollar coverage on qualifying deposits at FDIC member banks, for up to at least $250,000. When an FDIC member bank fails (defaults) or experiences terminal financial troubles, the FDIC compensates depositors for the full value of principal balances held in insu...
IRAs are insured up to $250,000 per owner Revocable trust accounts are insured up to $250,000 per owner, per beneficiary An example of $1,250,000 in coverage: Account Owner Deposit Type Account Balance Sue Certificate of Deposit$250,000 ...
Checking accounts, savings accounts, CDs, andmoney market accountsare generally 100%-covered by the FDIC. Coverage extends toindividual retirement accounts (IRAs), but only the parts that fit the type of accounts listed previously. Joint accounts, revocable and irrevocable trust accounts, and employe...
Deposit products (such as CDs and Savings Accounts) held in IRAs and other retirement accounts Outstanding Cashier's Checks, Money Orders, Loan Disbursement Checks, Interest Checks and Drafts issued by Wells Fargo What amount of insurance coverage do I have for my accounts? The FDIC Standard Maxi...
IRAs are insured up to $250,000 per owner Revocable trust accounts are insured up to $250,000 per owner, per beneficiary An example of $1,250,000 in coverage: Account OwnerDeposit TypeAccount Balance SueCertificate of Deposit$250,000 ...
Certain retirement accounts such as IRAs and self-directed contribution plans Revocable and irrevocable trust accounts Employee benefit plan accounts Corporation/partnership/unincorporated association accounts Government accounts So, for example, a single depositor can be eligible for $250,000 of coverage for...
Business accounts, which are afforded the same coverage as individual accounts What Is Not FDIC-Insured? Investment vehicles are typically not insured by the FDIC. In addition to mutual funds, this includes investments instockandbondmarkets,annuities,life insurancepolicies, andTreasury securities. Even...
IRAs can also include CDs and money market accounts.Retirement CDs, money market accounts, and similar financial products are eligible for coverage. While stock and bond investments are a common feature of many retirement plans, they are not eligible for FDIC coverage. That means it’s possible ...