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FDIC Consumer News
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 recent 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.
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Winter 2003/2004
Test Your Deposit Insurance IQ
5. Sorry, that is incorrect.
The correct answer is "True."
Each person's shares of all the joint accounts at one bank are added together and the total is insured up to $100,000. In this example, $200,000
in joint accounts shared by two people would be fully insured ($100,000
for each).
Back to the Quiz
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