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Home >> FDIC
Sample Account Scenarios
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To help you better understand how different account ownership categories can increase your FDIC coverage, we’ve provided you with an example of how a husband, wife and one child may achieve far more than the standard $250,000 limit in one financial institution. By having deposits in separate account ownership categories, the Browns are able to have over $1.3 million of their total savings FDIC insured. All at one bank.
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Single Owner
Husband's Individual Accounts
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Savings
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$125,000
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CD
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$100,000
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Small Business DBA Checking
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$25,000
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Total Deposits
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$250,000
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Total Insured |
$250,000
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Wife's Individual Accounts
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Savings
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$60,000
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CD
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$150,000
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Small Business DBA Checking
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$40,000
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Total Deposits
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$250,000
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Couple's Total Insured |
$500,000
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Joint Ownership
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Husband and Wife
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$250,000
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Husband and Child
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$250,000
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Wife and Child
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$250,000
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Total Joint Deposits
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$750,000
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Total Insured |
$750,000 ($250,000 each)
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Couple's Total Insured |
$1,250,000
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Retirement Accounts
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Husband's IRA CD
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$250,000
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Wife's IRA CD
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$250,000
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Total Retirement Deposits
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$500,000
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Couple's Total Insured
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$1,750,000
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Revocable Trust Accounts
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Husband as Trustee for Wife
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$250,000
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Husband as Trustee for Child
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$250,000
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Wife as Trustee for Husband
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$250,000
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Wife as Trustee for Child
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$250,000
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Child as Trustee for Father
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$250,000
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Child as Trustee for Mother
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$250,000
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Husband as Trustee for Church
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$250,000
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Total Revocable Trust Deposits
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$1,750,000
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Couple's Total Insured
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$3,500,000
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Account Summary
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Individual accounts
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$500,000
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Joint accounts
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$750,000
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Retirement accounts
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$500,000
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Trust accounts
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$1,750,000
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Total FDIC insurance at one bank
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$3,500,000
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