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Joint accounts are insured for $250,000 per co-owner, so a $500,000 CD owned by two joint account holders would be fully insured because each account holder is insured for up to $250,000.
With joint accounts, the FDIC insurance covers up to $250,000 per co-owner — or $500,000. However, this limit applies to all joint accounts that you share at a bank.
This is because you’ll exceed FDIC limits — meaning any amount over $250,000 could be at risk if the bank were to fail. If you have a joint account, you can keep up to $500,000 in a single ...
For example, you could open a joint savings account with a spouse — or almost anyone for that matter — and be eligible for up to $500,000 in FDIC insurance because each account holder is ...
[62] [63] [64] The act also made the insurance limit increase permanent and required the FDIC to submit a restoration plan whenever the insurance fund balance falls below 1.35% of insured deposits. The insurance fund returned to a positive balance at the start of 2011 and reached its required balance in 2018.
The standard deposit insurance coverage limit, as offered at banks that are members of the Federal Deposit Insurance Corp. (FDIC), is $250,000 per depositor, per bank, per ownership category.