About the FDIC Insurance Coverage Calculator
This FDIC coverage calculator estimates how much of your money at a single bank is protected by federal deposit insurance. The FDIC insures $250,000 per depositor, per insured bank, for each account ownership category, so a household can be insured for far more than $250,000 at one bank if the money is spread across single, joint, retirement, trust and business accounts. Enter your balances by category and the calculator shows the insured amount, the uninsured amount and the coverage limit for each.
It is useful when a balance is creeping past $250,000, after selling a home or receiving an inheritance, when setting up payable-on-death (POD) beneficiaries, or simply to check whether you need a second bank. It applies the trust account rule in force since 1 April 2024: each owner is insured up to $250,000 per eligible beneficiary, for up to five beneficiaries — a maximum of $1,250,000 per owner for all trust deposits at the bank.
Assumptions: all accounts are at the same FDIC-insured bank (separately chartered banks are insured separately; branches and online brands of one bank are not), joint and trust deposits are owned in equal shares by the number of owners entered, and the joint and trust owners do not have other joint or trust accounts at the bank. Balances should include accrued interest. For a definitive answer use the FDIC’s own EDIE estimator or ask the bank.
With the default inputs, the total insured is $850,000.00. Change any value above to recalculate instantly.
How to use the fdic insurance coverage calculator
- 1Add up your balances at one bank in each ownership category, including CDs and interest.
- 2Enter joint balances and how many people own the joint accounts.
- 3For POD or trust accounts, enter the number of owners and distinct eligible beneficiaries.
- 4Read the insured and uninsured totals and the per-category table.
- 5Move any uninsured excess to another bank or restructure ownership.
Formula and method
FDIC insurance is calculated separately for each account ownership category at each insured bank. All your deposits in the same category at the same bank are added together, including CDs and accrued interest. Single, certain retirement (IRA) and business accounts are each insured up to $250,000. In a joint account each co-owner’s share is insured up to $250,000, so a two-owner joint account is covered up to $500,000.
Trust accounts (informal POD/ITF accounts, revocable living trusts and irrevocable trusts) are insured up to $250,000 per owner for each eligible beneficiary, counting at most five beneficiaries — $1,250,000 per owner. Trust deposits that name no eligible beneficiary fall back into the owner’s single-account category. The calculator assumes equal ownership shares and that all accounts are at one bank.
- balance_c
- Total deposits in ownership category c at the bank
- limit_c
- Coverage limit for category c
- $250k
- Standard maximum deposit insurance amount
Worked examples
Couple with $900k at one bank
Single deposits of $300,000 are insured to $250,000, leaving $50,000 uninsured. The $400,000 joint account is fully covered because two owners give a $500,000 limit, and the $200,000 IRA is under its own $250,000 limit. Insured total: $850,000.
Payable-on-death account with six beneficiaries
Trust coverage counts only five beneficiaries, so one owner is insured for at most $1,250,000 of the $1,500,000 POD balance. Adding the fully insured $100,000 single account gives $1,350,000 insured and $250,000 at risk.
Family with every category
The joint account is $100,000 over its $500,000 limit, the IRA $50,000 over, and the business account $150,000 over. The $800,000 trust is fully insured because two owners × two beneficiaries × $250,000 gives a $1,000,000 limit.
Frequently asked questions
What is the FDIC insurance limit?+
The standard maximum is $250,000 per depositor, per FDIC-insured bank, for each account ownership category. Because categories are insured separately, one person can have more than $250,000 insured at the same bank by using single, joint, retirement and trust accounts.
How much is a joint account insured for?+
Each co-owner’s share of all joint accounts at a bank is insured up to $250,000. A joint account with two owners is therefore insured up to $500,000, provided each owner has equal withdrawal rights and both are individuals.
How did FDIC trust coverage change in 2024?+
From 1 April 2024 revocable and irrevocable trust deposits were merged into one trust category. Each owner is insured up to $250,000 per eligible beneficiary for up to five beneficiaries, so the maximum is $1,250,000 per owner per bank for all trust accounts combined.
Are two branches of the same bank insured separately?+
No. Coverage is per bank charter, so deposits at different branches, or under different brand names owned by the same chartered bank, are added together. Only separately chartered banks provide separate coverage.
What does FDIC insurance not cover?+
It covers deposits — checking, savings, money market deposit accounts and CDs. It does not cover stocks, bonds, mutual funds, annuities, crypto assets, life insurance or safe deposit box contents, even if bought through an insured bank.
Is a credit union account FDIC insured?+
Federally insured credit unions are covered by the NCUA’s Share Insurance Fund instead, which also insures $250,000 per member per ownership category. This calculator’s math applies to NCUA coverage in the same way for the common categories.
Results are estimates for educational purposes and are not financial advice. Rates, fees and terms vary — confirm with your lender or a licensed advisor before making decisions.