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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.
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.
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 ...
With joint accounts, each owner is insured for the full amount. For example, if a married couple has a joint savings or checking account, they are insured for up to $500,000 in their joint account(s).
Joint accounts often have double the FDIC insurance limit of individual accounts. This means your money is protected up to $500,000, instead of the standard $250,000 for individual accounts.