Revocable Trust Accounts Business Accounts Individual Accounts Individual accounts are accounts owned by one person and titled in that person's name only. All individual accounts at the same insured bank are added together and the total is insured up to $250,000. For example, if you have ...
Revocable Trust Accounts Business Accounts Individual Accounts Individual accounts are accounts owned by one person and titled in that person's name only. All individual accounts at the same insured bank are added together and the total is insured up to $250,000. For example, if you have an ...
Irrevocable Trust Accounts$250,000 for the non-contingent, ascertainable interest of each beneficiary Employee Benefit Plan Accounts$250,000 for the non-contingent, ascertainable interest of each plan participant Government Accounts$250,000 per official custodian ...
While opening accounts at different banks will help maximize your FDIC insurance, there are also efficiencies you can find with deposits held at the same institution. To calculate your coverage, including any trusts, business accounts, and employee benefit plans, visit theFDIC Electronic Deposit Insur...
(*See “Revocable and Irrevocable Trust Accounts” for more information on how deposit insurance is calculated for these types of accounts.) How do I know what’s covered? For more information about the different FDIC ownership categories and the amount of coverage available to you or your benef...
Checking accounts Savings accounts Certificates of deposit (CDs) $250,000 per co-owner IRAs and certain other retirement accounts $250,000 per owner Revocable Trust accounts $250,000 for each beneficiary up to five (more coverage available with six or more beneficiaries subject to specific ...
Currently, the coverage limits are $100,000 per depositor per bank for individual, joint, and trust accounts, and $250,000 for self-directed retirement accounts. Business accounts are also insured up to $100,000. You qualify for more than $100,000 coverage at a single bank, provided your...
Don’t fret, though, because the next-most-important thing to know about FDIC coverage is that you can be insured for much more, depending on where you keep your accounts and how they are owned. One way to make sure all of your money is insured is to spread it across multiple institut...
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 funds held at a specific FDIC-insured bank in a single account, plus ...
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 BobMoney Market Account$250,000 Bob & SueSavings Account$500,000($250,000 per person) ...