Joint accounts come with twice the protection, with insurance up to $250,000 per account owner. Coverage for both formal and informal revocable trusts is up to $250,000 per beneficiary, for each owner. Trust accounts with balances of more than $1.25 million have their own rules. What Is t...
up to $500,000 in that account will be insured. If you have more money than that, you can simply go to another FDIC-insured bank, open up another joint checking account, and get another $500,000 in FDIC coverage.