The FDIC currently insures up to $250,000 per depositor, per insured bank, for each account ownership category (like single, joint, certain retirement, some trust accounts).

FDIC insurance basics

  • The standard FDIC insurance limit is $250,000 for each depositor at each FDIC‑insured bank for each ownership category (for example, single vs. joint).
  • Coverage applies to qualifying deposit accounts such as checking, savings, money market deposit accounts, and CDs, including both principal and accrued interest within the limit.

How you can get more than $250K insured

  • You can exceed $250,000 in total protection by using multiple ownership categories at the same bank (for instance, one individual account and one joint account can each get up to $250,000 in coverage).
  • You can also increase total insured amounts by spreading deposits across different FDIC‑insured banks, since the $250,000 limit is applied separately to each institution.

Common FDIC ownership categories

  • Single (individual) accounts: up to $250,000 per owner, per bank.
  • Joint accounts: up to $250,000 per co‑owner, per bank.
  • Certain retirement accounts (like IRAs in deposits): up to $250,000 per owner, per bank.
  • Revocable trust accounts: generally $250,000 per owner per qualifying beneficiary (with specific rules when there are more than five beneficiaries).

Simple HTML table of key limits

html

<table>
  <thead>
    <tr>
      <th>Account type</th>
      <th>Standard FDIC insurance limit</th>
      <th>How it applies</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td>Single (individual) accounts</td>
      <td>$250,000 per owner, per bank[web:1][web:3][web:5]</td>
      <td>All single accounts in one person’s name at the same bank are combined and insured up to $250,000.[web:3][web:5]</td>
    </tr>
    <tr>
      <td>Joint accounts</td>
      <td>$250,000 per co‑owner, per bank[web:1][web:5][web:7]</td>
      <td>Total coverage equals $250,000 multiplied by the number of co‑owners at that bank.[web:5][web:7]</td>
    </tr>
    <tr>
      <td>Certain retirement deposit accounts (e.g., IRA CDs)</td>
      <td>$250,000 per owner, per bank[web:7]</td>
      <td>All qualifying retirement deposit accounts for one person at a bank are added together for the limit.[web:7]</td>
    </tr>
    <tr>
      <td>Revocable trust accounts</td>
      <td>Generally $250,000 per owner per qualifying beneficiary (up to 5), with special rules above that[web:7]</td>
      <td>Coverage can be significantly higher depending on number of owners and beneficiaries.[web:7]</td>
    </tr>
  </tbody>
</table>

Information gathered from public forums or data available on the internet and portrayed here.