FDIC Deposit Insurance Coverage Limits by account ownership category
Single Accounts owned by one person $250,000 per owner
Joint Accounts owned by two or more persons $250,000 per co-owner
Certain Retirement Accounts includes IRAs $250,000 per owner
Revocable Trust Accounts $250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific limitations and requirements)
Corporation, Partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association
Irrevocable Trust Accounts $250,000 for the non-contingent, ascertainable interest of each beneficiary
Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each plan participant
Government Accounts $250,000 per official custodian
To calculate your deposit insurance coverage Use the FDICs Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.
For questions about FDIC coverage limits and requirements Visit www.fdic.gov/deposit/deposits., call Toll Free 1-877-ASK-FDIC, or call State Bank of Herscher at 815-426-2156.
