Each depositor insured to at least $250,000 per insured bank

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Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

Winter 2003/2004

Test Your Deposit Insurance IQ

4. If you picked "True" you are correct.

You may qualify for more than $100,000 in coverage at one insured institution if you own deposit accounts in different ownership categories as defined by the FDIC. The most common ownership categories are single, retirement, joint and revocable trust accounts (those refer to trust accounts in which the owner retains full control over the money during his or her lifetime). Your deposits in each of those categories are separately insured to $100,000. If certain conditions are met, your revocable trust accounts are insured up to $100,000 for each beneficiary. For more details, consult the FDIC resources noted in "How did you do?"

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Last Updated 06/01/2004 communications@fdic.gov