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FDIC Insurance Calculator

How much of your money at one bank is FDIC insured, category by category: accounts in your name, joint accounts, IRAs and trust accounts.

Of your $700,000 at this bank, $650,000 is FDIC insured and $50,000 is not: single accounts ($50,000 over). Moving the excess to another insured bank, or adding beneficiaries or owners, would cover it.

Deposits at this bank
$700,000
Insured
$650,000
Not insured
$50,000
Share insured
92%
Download the schedule (CSV)
Coverage by ownership category
CategoryBalanceInsuredNot insured
Single accounts$300,000$250,000$50,000
Joint accounts (2 owners)$400,000$400,000$0

The most FDIC insurance at one bank, by how you own the account

OwnershipInsured up to
Single account (one owner)$250,000
Joint account, two owners$500,000
IRA and certain retirement accounts$250,000
Trust account, one owner, 3 beneficiaries$750,000
Trust account, one owner, 5 or more beneficiaries$1,250,000
A couple: single accounts each, a joint account, and IRAs each$1,500,000

How this calculator works

FDIC insurance covers deposits up to $250,000 per depositor, per insured bank, for each ownership category. Categories are insured separately, so the same person can be covered for more than $250,000 at one bank.

Joint accounts: each co-owner's share of all joint accounts at the bank is insured up to $250,000; the calculator assumes equal shares. Trust accounts (revocable and irrevocable, since April 1, 2024): $250,000 per owner for each eligible beneficiary, counting up to five, so at most $1.25 million per owner per bank. The calculator assumes one owner.

What it assumes

  • One bank: coverage is separate at each insured bank, but separate branches or online brands of one bank count as one.
  • Only deposits are insured: checking, savings, money market deposit accounts and CDs. Stocks, bonds, mutual funds, annuities, crypto and safe deposit box contents are not, even when bought at a bank.
  • Credit union shares are insured by the NCUA on similar terms. Check unusual cases with the FDIC's own estimator (EDIE).

Questions people ask

What is the FDIC insurance limit?

$250,000 per depositor, per FDIC-insured bank, per ownership category. The limit has been $250,000 since 2008.

How can I insure more than $250,000?

Use more ownership categories (single, joint, IRA, trust accounts), more banks, or a bank that spreads deposits across a network of banks. A married couple can insure well over $1 million at one bank this way.

Is a joint account insured for $500,000?

With two owners, yes: each owner's share of the bank's joint accounts is insured up to $250,000, so $500,000 in total, separately from their single accounts.

How are trust and payable-on-death accounts insured?

Since April 1, 2024, at $250,000 per owner for each eligible beneficiary, up to five beneficiaries: $1.25 million per owner per bank at most.

What happens if my bank fails?

The FDIC pays insured deposits, usually within a few business days, often by moving them to another bank. Uninsured amounts are paid only as the failed bank's assets are sold, which can take years and may not cover all of it.

Terms explained

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Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.

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