On May 20, 2009 the FDIC announced that deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.)
The FDIC provides separate coverage for deposits held in different account ownership categories. The coverage limits shown in the chart below refer to the total of all deposits that an accountholder has in the same ownership categories at each FDIC-insured institution. The chart below assumes that all FDIC requirements are met - for details on the requirements, go to www.fdic.gov/deposit/deposits
FDIC Deposit Insurance Coverage Limits (Through December 31, 2013)
Single Accounts (owned by one person)
$250,000 per owner
Joint Accounts (two or more persons)
$250,000 per co-owner
IRAs and other Certain Retirement Accounts
$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
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