An FDIC insured account is a bank orthriftaccount covered by theFederal Deposit Insurance Corporation(FDIC), an independent federal agency responsible for safeguarding customer deposits in the event of bank failures. The maximum insurableamount in a qualified account is $250,000 per depositor, per F...
All savings accounts offered by FDIC-insured institutions, includingonline savings accounts, are covered up to the maximum per law. For allFDIC-covered accounts, both the original deposit amount and the accrued interest within the limit will be protected. When opening an online account, it’s esp...
The standard FDIC deposit insurance amount is up to $250,000 per depositor, per bank, for each account ownership category. That maximum applies to all the banks you have an account with, as long as the bank is an FDIC member. (Discover Bank is anFDIC member.) You can use theFDIC’s ...
Amount Insured$1,250,000 *Additional coverage may be available to you depending on the ownership status of your account. Talk to your local banker for details. Calculate your FDIC insurance coverage Use the FDIC'sElectronic Deposit Insurance Estimator(EDIE) to estimate your insurance coverage. ...
The FDIC covers both individual and business accounts at FDIC-member banks. However, not all types of accounts are covered and there are normally limits on the amount of coverage. In the case of businesses, those limits (currently $250,000) may be inadequate for the amount of money they pl...
This amount has been revised several times since the agency’s founding. In 1934 the FDIC insured up to $5,000 per account. By 1980, the limit had increased to $100,000. In 2008 it was temporarily increased to $250,000, the current insurance limit. This limit became permanent in 2010...
The NCUA insurance amount limit (maximum deposit amount) is $250,000 per share owner, per insured credit union, for each account ownership category. Read that a few times over for it to sink in. Account ownership category is important, and we’ll cover what those are in a bit. ...
The maximum insurable amount is currently $250,000 per depositor, per bank. Understanding an FDIC Insured Account An FDIC insured account means if you have up to $250,000 in a bank account and the bank fails, the FDIC reimburses any losses you suffered. For individuals, any sum that excee...