Use this FDIC Insurance Calculator for a simplified estimate of single, qualifying joint, certain retirement, trust, or eligible business deposits at one FDIC-insured bank. Joint and trust estimates require confirmation of the stated equal-owner-share assumptions.
FDIC Insurance Formula
The standard insurance amount is $250,000 per depositor, per FDIC-insured bank, for each ownership category. Deposits in the same category at the same bank are added together before the limit is applied.
Insured Amount = min(Total Deposits in Category, Category Limit) Uninsured Amount = max(0, Total Deposits in Category - Category Limit)
The following joint and trust aggregate limits apply only to the confirmed simple cases: the same qualifying owners hold equal interests, no same-bank category interests are omitted, and each trust owner has the same eligible primary beneficiary set. Unequal owner interests require separate per-owner insured-amount calculations; adding nominal limits can overstate coverage.
Joint Limit = Number of Eligible Co-owners * $250,000 Trust Limit = Number of Owners * min(Beneficiaries, 5) * $250,000
Variables:
- Total Deposits in Category includes principal and accrued interest for all qualifying checking, savings, money market deposit accounts, CDs and other deposits in the same category at one bank. Do not enter a combined total again as additional accounts.
- Category Limit is based on account ownership and eligibility rules
- Trust coverage is capped at five beneficiaries per owner in this simplified calculation, or $1.25 million per owner
Separate ownership categories can receive separate coverage, and deposits at separately chartered insured banks are evaluated separately. Investments such as stocks, bonds, mutual funds, crypto assets, annuities, and safe-deposit-box contents are not FDIC-insured deposits.
This calculator is a screening tool, not an FDIC coverage determination or a substitute for the FDIC Electronic Deposit Insurance Estimator. Unequal owner interests, different owner groups or beneficiary sets, complex trusts, bank mergers, employee benefit plans, government accounts and account-titling issues require a more detailed per-owner review. EDIE does not calculate every trust arrangement: contact FDIC for bank-trustee irrevocable, court-ordered or other unsupported trusts.
Simplified Coverage Limits by Ownership Category
The table summarizes the simplified framework used by the calculator. Since April 1, 2024, revocable and irrevocable trust deposits at one bank are combined for each owner. Unique eligible primary beneficiaries count once per owner; trust owners cannot count as beneficiaries of the same trust, and contingent-only names add no coverage; trustee status alone adds no coverage. Beneficiary allocation percentages do not change the current beneficiary-count limit. See the FDIC trust rules and joint-account rules.
| Ownership category | Simplified limit at one insured bank | Key assumption |
|---|---|---|
| Single account | $250,000 per owner | All single accounts for one owner are combined |
| Joint account | $250,000 per eligible co-owner | Same natural-person owners, equal ownership interests and withdrawal rights, qualifying joint records, no death beneficiaries and no omitted joint interests at this bank |
| Certain retirement accounts | $250,000 per owner | Combine IRA, qualifying self-directed retirement and Section 457 deposits; Section 457 counts whether self-directed or not |
| Trust accounts | $250,000 per owner per eligible beneficiary, up to 5 | Same owners with equal interests and the same eligible primary beneficiary set; all same-bank trust deposits eligible under 12 CFR 330.10 included. Maximum $1.25 million per owner |
| Business entity account | $250,000 per entity | Entity is separately organized and engaged in independent activity. Sole-proprietor deposits combine with the owner’s single accounts |
Example Problems
Example 1: Single-owner deposits.
One person has $180,000 in savings and $95,000 in CDs in the same single-account category at one bank. Total deposits are $275,000. The simplified insured amount is $250,000 and the amount above the category limit is $25,000.
Example 2: Joint account.
Two eligible co-owners hold equal $210,000 interests in $420,000 of qualifying joint deposits, have equal withdrawal rights, and have no other joint interests at this bank. Each owner is below $250,000, so all $420,000 is within the limit. Unequal interests need separate calculations: $500,000 held 90%/10% would have only $300,000 insured ($250,000 plus $50,000), despite $500,000 nominal combined capacity.
Frequently Asked Questions
Can I receive more than $250,000 of FDIC coverage at one bank?
Yes. Separate ownership categories can be separately insured, and joint or eligible trust structures can have larger limits. Every requirement for the category and account title must be met.
Are checking, savings, and CDs insured separately?
Not when they have the same owner, bank, and ownership category. Those deposit products are added together before the category limit is applied.
What should I use for a complex trust or unusual account title?
Use the official FDIC Electronic Deposit Insurance Estimator and review the bank’s account records. Coverage is determined from applicable law and the institution’s records, not solely from a simplified calculator.
