Fdic coverage per account. Fdic insurance covers funds in deposit accounts including checking and savings accounts money market deposit accounts and certificates of deposit cds. Fdic insurance covers depositors accounts at each insured bank dollar for dollar including principal and any accrued interest through the date of the insured banks closing up to the insurance limitthe fdic does not insure money invested in stocks bonds mutual funds life insurance policies annuities or municipal securities even if these investments are purchased at an insured bank. How fdic insurance coverage is calculated single accounts. These are accounts owned by two or more people.
This applies to both principal which is the money that you have deposited in your account and any money that youve earned as interest since depositing your money. The fdic insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank. The standard deposit insurance coverage limit is 250000 per depositor per fdic insured bank per ownership category. The fdic insures deposits according to the ownership category in which the funds are insured and how the accounts are titled.
How are my deposit accounts insured by the fdic. The fdic provides separate coverage for deposits held in different account ownership categories. The standard insurance amount is 250000 per depositor per insured bank for each account ownership category. The standard deposit insurance amount is 250000 per depositor per insured bank for each account ownership category.
Single accounta deposit account owned by one person without named beneficiariescoverage limit. These are accounts in only one persons name. Assuming all owners have equal rights to the money in. Certain retirement accounta retirement account in which plan participants have the right to direct how the money is.
The general rule is that the fdic covers 250000 per depositor per fdic insured bank per ownership category.