FDIC Insurance Limits
UPDATED INFORMATION as of January 1, 2011:
FDIC INSURANCE LIMITS
All funds in a ‘non-interest-bearing transaction account’ are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term ‘non-interest-bearing transaction account’ includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyers Trust Accounts (IOLTAs).
Basic 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 |
|
IRAs and certain other retirement accounts |
$250,000 per owner |
|
Revocable 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 |
|
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 participant |
|
Government Accounts |
$250,000 per official custodian |
|
Non-interest Bearing Transaction Accounts |
Unlimited coverage at all FDIC-insured institutions |
More FDIC insurance detail may be found at: www.fdic.gov
MEMBER FDIC
Revised January 1, 2011.
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