FDIC Insurance Coverage Calculator
Your FDIC Insurance Coverage
FDIC Insurance Coverage
The Federal Deposit Insurance Corporation (FDIC) protects depositors by insuring deposits at FDIC-member banks up to $250,000 per depositor, per bank, per ownership category. This insurance automatically covers checking accounts, savings accounts, money market accounts, and certificates of deposit when held at FDIC-insured institutions.
Important: FDIC insurance limits apply per depositor, per bank, and per ownership category. Different account types and ownership structures may qualify for separate coverage limits, potentially allowing you to insure more than $250,000 at a single bank.
Coverage varies significantly based on account ownership type. Single ownership accounts receive standard $250,000 protection, while joint accounts can be insured up to $500,000. Revocable trust accounts offer $250,000 coverage per beneficiary, and certain retirement accounts may qualify for separate coverage categories.
How to Use the FDIC Coverage Calculator
Choose the appropriate ownership category from the dropdown menu. Options include single ownership, joint ownership, revocable trust, irrevocable trust, employee benefit plans, corporation accounts, and government accounts. Each category has different insurance limits and calculation methods.
Input your bank name and add all accounts you hold at that institution. For each account, specify the account type (checking, savings, certificate of deposit, or money market) and enter the current balance. Use the “Add Another Account” button to include multiple accounts at the same bank.
If you selected revocable trust as your ownership type, enter the number of beneficiaries. The calculator will automatically multiply the standard $250,000 limit by the number of beneficiaries to determine your total coverage limit for trust accounts.
Click the calculate button to determine your FDIC insurance coverage. The results will show your total insured amount, explain how the calculation was performed, and highlight any uninsured portions of your deposits. Review the detailed breakdown to understand your protection level.