Another way of getting more than $250,000 in coverage for your deposits is to add beneficiaries. If you have $1 million in deposits, for example, you would only have $250,000 covered on your own ...

The FDIC publication, “ Your Insured Deposits ” includes, at Example 7, possible FDIC insurance coverage for a husband and wife, with three children, using the following categories, with total ...

Let’s say you have $300,000 in a single savings account – the FDIC would immediately guarantee your first $250,000, but the remaining $50,000 would be considered uninsured.

By spreading funds among multiple FDIC-insured banks, you can insure all of your funds beyond the FDIC's $250,000 limit. So, say you receive a $325,000 inheritance.

However, whether all of your deposits are FDIC-insured depends on how many accounts you have at the same bank, the ownership type and your account balances. FDIC insurance coverage is applied per ...

Spreading your money between different FDIC-insured banks is another way to keep your cash protected. If you had $300,000, you might keep $200,000 in one bank and $100,000 in a different FDIC ...

The FDIC in effect becomes the “receiver” of the bank that has failed. Its tasks include selling or collecting assets, settling debts, and managing the insured deposits.

Although, initially, the FDIC stated that depositors would have access to only their insured deposits, the U.S. Treasury soon stepped in to backstop deposits beyond the $250,000 insurance level.

Although, initially, the FDIC stated that depositors would have access to only their insured deposits, the U.S. Treasury soon stepped in to backstop deposits beyond the $250,000 insurance level.

CDs are a low-risk investment in terms of volatility, as long as your account is FDIC-insured. However, the downside is that you won’t experience huge yields, so they’re not designed for long ...

If applicable, we recommend making an appointment with an FDIC Claims Agent at 1-866-799-0959 or through the FDIC Claims Portal to discuss specific questions upon consulting with your counsel.