Maximizing your FDIC Deposit Insurance

What is Standard FDIC Insurance?

Standard FDIC insurance coverage is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC provides separate coverage for deposits held in different account ownership categories. If you’re strategic with these account ownership categories you can expand and maximize your FDIC coverage without requiring multiple banks.

Examples – Family of Five1

This chart illustrates how a husband and wife with three children could qualify for up to $3,500,000 in FDIC coverage at one insured bank.
This example assumes that the funds are held in qualified deposit products at an insured bank and these are the only accounts that the family has at the bank. 

1 Refer to the FDIC website at for more information and additional examples.

Calculate Insurance Coverage Using EDIE

The Electronic Deposit Insurance Estimator (EDIE) is an FDIC online tool that’s simple and easy to use.

It lets you know, on a per-bank basis, how the insurance rules and limits apply to your specific group of deposit accounts— what’s insured and what portion (if any) exceeds coverage limits at the bank. EDIE also allows the user to print the report for their records.

Electronic Deposit Insurance Estimator

Account Ownership Categories

The FDIC provides separate insurance coverage for a depositor’s funds at the same insured bank if the deposits are held in different ownership categories.

  • Single Accounts
  • Joint Accounts
  • Certain Retirement Accounts - for example, Individual Retirement Accounts (IRAs)
  • Revocable Trust Accounts
  • Irrevocable Trust Accounts
  • Employee Benefit Plan Accounts
  • Corporation/Partnership / Unincorporated Association Accounts
  • Government Accounts

To qualify for this expanded coverage, the requirements for insurance coverage in each ownership category must be met, which can be complex. Please consult your legal or tax advisor for advice on account ownership structuring, or visit for more information on specific requirements.

The FDIC Covers

  • Checking accounts
  • Negotiable Order of Withdrawal (NOW) accounts
  • Savings accounts
  • Money Market Deposit Accounts (MMDAs)
  • Time deposits such as certificates of deposit (CDs)
  • Cashier’s checks, money orders, and other official items issued by a bank

The FDIC Does Not Cover

  • Stock investments
  • Bond investments
  • Mutual funds
  • Life insurance policies
  • Annuities
  • Municipal securities
  • Safe deposit boxes or their contents
  • U.S. Treasury bills, bonds or notes
  • Crypto assets

Have Questions?

In addition to the FDIC resources provided on this page, we invite you to give us a call or stop by a branch to learn more about how FDIC insurance can work for you.

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