FDIC: Are My Deposit Accounts Insured by the FDIC?

This content details the FDIC insurance coverage for various types of deposit accounts, including single accounts, retirement accounts, joint accounts, trust accounts, employee benefit plan accounts, business accounts, and government accounts. The coverage limit for each category is $250,000 per bank.

Accounts without named beneficiaries are insured up to $250,000, while accounts with beneficiaries are insured as Trust deposits if requirements are met. Retirement accounts and certain employee benefit plans have coverage limits as well.

Joint accounts require all owners to be living individuals with equal withdrawal rights. Trust accounts vary between informal and formal revocable trusts and irrevocable trusts.

Deposits owned by corporations, partnerships, and government entities also have coverage limits under FDIC insurance. It emphasizes automatic coverage for traditional deposit accounts at FDIC-insured institutions. For more information or specific coverage details, individuals can use the Electronic Deposit Insurance Estimator (EDIE) or contact the FDIC Information and Support Center.