What is the maximum FDIC coverage for a joint account?
What is the maximum FDIC coverage for a joint account?
$250,000 Insurance Limit Each co-owner of a joint account is insured up to $250,000 for the combined amount of his or her interests in all joint accounts at the same IDI. In determining a co-owner’s interest in a joint account, the FDIC assumes each co-owner is an equal owner unless the IDI records clearly indicate otherwise.
