The FDIC insures bank deposits and the NCUA insures credit union deposits, both up to $250,000 per depositor, per insured institution, for each account ownership category. If you keep more than that at one bank, this calculator shows how much is covered and how much isn’t.
FDIC & NCUA Coverage Calculator
Check how much of your money is federally insured at one bank or credit union.
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How deposit insurance works
The $250,000 limit isn’t per account. It applies to all of your deposits in the same ownership category at the same bank. Each category is insured separately, which is how one family can have well over $250,000 fully insured at a single bank.
| Ownership category | Coverage |
|---|---|
| Single accounts (one owner, no beneficiaries) | $250,000 per owner |
| Joint accounts | $250,000 per co-owner |
| Certain retirement accounts (IRA deposits) | $250,000 per owner |
| Trust accounts (POD and living trusts) | $250,000 per owner, per beneficiary, up to five beneficiaries ($1.25 million max per owner) |
| Business accounts (corporations, partnerships, LLCs) | $250,000 per business |
| Employee benefit plan accounts | $250,000 per participant (pass-through) |
| Government accounts | Special rules |
What’s covered and what isn’t
Covered: checking, savings, money market deposit accounts, certificates of deposit (CDs) and cashier’s checks issued by the bank.
Not covered: stocks, bonds, mutual funds, annuities, life insurance, crypto assets, U.S. Treasury securities (backed by the U.S. government instead) and the contents of a safe deposit box — even when you buy them through your bank.
Credit union note: The NCUA updated its trust account rules to match the FDIC’s “per beneficiary, up to five” approach, effective Dec. 1, 2026. Until then, some credit union trust accounts may be calculated differently, so confirm with your credit union.
How to insure more than $250,000
- Spread money across banks. Each bank (not each branch) has its own limit. Check that two “brands” aren’t the same chartered bank.
- Add beneficiaries. Naming payable-on-death beneficiaries moves money into the trust category, with up to $250,000 of coverage per beneficiary.
- Use different ownership categories. Combine single, joint and IRA deposits.
- Ask about a deposit network. Some banks offer services that place large deposits across many insured banks while you deal with one.
Looking for somewhere to put the extra cash? Compare the best high-yield savings accounts and best CD rates, or build a CD ladder.
Frequently asked questions
Is the $250,000 limit per account or per bank?
Per depositor, per bank, per ownership category. Two savings accounts in your name at the same bank share one $250,000 limit.
How is a joint account insured?
Each co-owner’s share of all joint accounts at the bank is insured up to $250,000. A joint account owned by two people is insured up to $500,000.
How do I know if my bank is FDIC-insured?
Look for the FDIC sign or search the FDIC’s BankFind tool. For credit unions, use the NCUA’s credit union locator.
How fast do I get my money if a bank fails?
The FDIC usually pays insured deposits within a few business days, often by moving accounts to another bank.
Sources: FDIC, “Your Insured Deposits” and deposit insurance rules (12 CFR Part 330); NCUA share insurance rules. This calculator gives an estimate only. For an official determination, use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) or call 1-877-275-3342. This page isn’t financial or legal advice.