FAQ- FDIC Insurance
The FDIC has a number of tools and resources that you may find helpful to better understand FDIC insurance coverage and how it applies to funds held in different ownership rights and capacities. The FDIC also has an insurance "calculator" that you can use to determine how you may be able to maximize your coverage at an insured bank. Check out the FDIC quick links, videos and brochures below.
FDIC- Frequently Asked Questions
http://www.fdic.gov/help/faq.html
FDIC - Insurance Basics
http://www.fdic.gov/deposit/deposits/insured/basics.html
FDIC- Ownership Categories
http://www.fdic.gov/deposit/deposits/insured/ownership.html
FDIC- Calculate your insurance coverage
FDIC- Consumer News
http://www.fdic.gov/consumers/consumer/news/
FDIC- Summary of Deposit Changes
http://www.fdic.gov/deposit/deposits/changes.html
Read more about FDIC insurance
http://www.fdic.gov/deposit/deposits
| FDIC Deposit Insurance Coverage Limits | |
|---|---|
| Single Accounts (owned by one person) | $250,000 per owner |
| Joint Accounts (two or more persons) | $250,000 per co-owner |
| Certain Retirement Accounts (includes IRAs) | $250,000 per owner |
| Revocable Trust Accounts | $250,000 per owner per beneficiary up to 5 beneficiaries (more coverage is available with 6 or more beneficiaries subject to specific limitations and requirements) |
| Corporation, Partnership and Unincorporated Association Accounts | $250,000 per corporation, partnership or unincorporated association |
| Irrevocable Trust Accounts | $250,000 for the non-contingent, ascertainable interest of each beneficiary |
| Employee Benefit Plan Accounts | $250,000 for the non-contingent, ascertainable interest of each plan participant |
| Government Accounts | $250,000 per official custodian |
FDIC Deposit Insurance Videos
Overview of Deposit Insurance Coverage
A short video describing the different deposit insurance categories. Videos can be viewed in full or chapter by chapter. Each full video is 30 minutes long.
- Full Video, English : View Video
- Chapter by Chapter, English : View Video
- Full Video, Spanish : View Video
- Chapter by Chapter, Spanish : View Video
Printable Documents
FDIC Deposit Insurance Coverage - This is a comprehensive guide that will show you how to increase your FDIC coverage to as much as $3,000,000.
Your Insured Deposits - This brochure describes the rules for FDIC deposit insurance coverage of most account ownership categories used by bank depositors. Its purpose is to help depositors understand the amount of coverage available for their deposit accounts.
Never Lose a Penny Brochure - Never Lose a Penny explains the importance of EDIE (Electronic Deposit Insurance Estimator) - an online tool that's simple and easy to use. In just a few steps, EDIE can help make sure that all of the money in bank deposit accounts is 100% FDIC-insured. This brochure also includes the Depositor's Bill of Rights - facts about FDIC insurance that every depositor should know.
Deposit Insurance Brochure - The more you know about FDIC deposit insurance coverage, the safer your money!
If you have additional questions about FDIC coverage limits and requirements, please visit www.myFDICinsurance.gov, call toll-free 1-877-ASK-FDIC, or ask a representative of Premier Bank.
