For more information about FDIC insurance coverage, visit www.fdic.gov.
There is no need for depositors to apply for the FDIC insurance coverage or even to request it. Coverage is automatic for a deposit in a member bank. FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs).
FDIC Deposit Insurance
|Ownership Category||Coverage Limit|
|Single Accounts (owned by one person)||$250,000 per owner|
|Joint Accounts (two or more persons)||$250,000 per co-owner|
|IRAs and certain other retirement accounts||$250,000 per co-owner|
|Trust Accounts||$250,000 per owner per beneficiary subject to specific limitations and requirements|
|Corporation, Partnership, and Unincorporated Association Accounts||$250,000 per corporation, partnership, or unincorporated association.|
|Employee Benefit Plan Accounts||$250,000 for the non-contingent, ascertainable interest of each participant.|
|Government Accounts||$250,000 per official custodian|