FDIC Coverage of Accounts




A Sample Scenario

John Smith
Single Account 1

Compare how FDIC insurance covers various account types, including single-owned, joint-own, retirement, personal and small business accounts item 1
Product/Type
Checking
Interest-bearing
Balance
$125,000
Amount Insured
$125,000
Uninsured Amount
N/A

John Smith
Single Account 2

Compare how FDIC insurance covers various account types, including single-owned, joint-own, retirement, personal and small business accounts item 2
Product/Type
Savings
Interest-bearing
Balance
$125,000
Amount Insured
$125,000
Uninsured Amount
N/A

John & Mary Smith
Joint Account

Compare how FDIC insurance covers various account types, including single-owned, joint-own, retirement, personal and small business accounts item 3
Product/Type
CD
Interest-bearing
Balance
$260,000 (John)
$260,000 (Mary)
$520,000 (Total)
Amount Insured
$500,000
Uninsured Amount
$20,000

Mary Smith
Retirement Account

Compare how FDIC insurance covers various account types, including single-owned, joint-own, retirement, personal and small business accounts item 4
Product/Type
IRA
Interest-bearing
Balance
$300,000
Amount Insured
$250,000
Uninsured Amount
$50,000

Subtotal: Personal

Compare how FDIC insurance covers various account types, including single-owned, joint-own, retirement, personal and small business accounts item 5
Product/Type
Balance
$1,070,000
Amount Insured
$1,000,000
Uninsured Amount
$70,000

John Smith
Single Account 3

Compare how FDIC insurance covers various account types, including single-owned, joint-own, retirement, personal and small business accounts item 6
Product/Type
Business Checking
Noninterest-bearing
Balance
$350,000
Amount Insured
$250,000
Uninsured Amount
$100,000

Subtotal: Small Business

Compare how FDIC insurance covers various account types, including single-owned, joint-own, retirement, personal and small business accounts item 7
Product/Type
Balance
$350,000
Amount Insured
$250,000
Uninsured Amount
N/A

Total

Compare how FDIC insurance covers various account types, including single-owned, joint-own, retirement, personal and small business accounts item 8
Product/Type
Balance
$1,420,000
Amount Insured
$1,250,000
Uninsured Amount
$170,000

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