3 ms·

I suspect this is per depositor not per account... but I'm not sure.

• dhruvrrp 9y ago
  FDIC covers $250,000 for all of a persons accounts in one bank. So you just need to have accounts in separate banks to 'increase' your coverage. https://www.fdic.gov/deposit/covered/categories.html https://www.fdic.gov/deposit/covered/categories.html
• dandandan 9y ago
  It's per account and can be doubled with a "payable on death" designee.
  • mysterypie 9y ago
    > It's per account I think you're mistaken about the first part of your statement: The FDIC says, "All single accounts owned by the same person at the same bank are added together and insured up to $250,000." (see https://www.fdic.gov/deposit/covered/categories.html https://www.fdic.gov/deposit/covered/categories.html ) But you are correct that it can be doubled, tripled, quadrupled, or even greater by opening different account types such as a Retirement Account, a Joint Account, a Revocable Trust Account, etc., at the same bank since each account type seems to get separate treatment (according to the same FDIC link).