FDIC coverage calculator
The FDIC insures deposits up to $250,000 per depositor, per insured bank, per ownership category. This calculator estimates how much of your balance is covered at one bank by adding up coverage across the common categories: a single account (insured to $250,000), a joint account ($250,000 per co-owner), retirement accounts like IRAs ($250,000), and revocable-trust / payable-on-death balances ($250,000 per unique beneficiary). It is a simplified estimate — verify with the FDIC's official EDIE tool.
Source: FDIC deposit insurance rules. Data as of June 2026.
How FDIC coverage adds up at one bank
Because each ownership category is insured separately, a single household can be covered for well over $250,000 at the same bank. A worked example for a married couple:
| Ownership category | Owner(s) | Max coverage at one bank |
|---|---|---|
| Single account | Spouse A | $250,000 |
| Single account | Spouse B | $250,000 |
| Joint account | A & B (2 co-owners) | $500,000 |
| IRA | Spouse A | $250,000 |
| IRA | Spouse B | $250,000 |
| Total | Household | $1,500,000 |
How the calculator works
The calculator caps each category at its FDIC limit and sums the insured amounts: single accounts at $250,000; joint accounts at $250,000 per co-owner (we model two co-owners); retirement accounts at $250,000; and revocable-trust balances at $250,000 times the number of unique beneficiaries. Anything above the summed coverage is shown as uninsured. The exact formulas are on the methodology page. This is an estimate of the most common categories, not legal or financial advice.
Frequently asked questions
How much money does the FDIC insure?
The FDIC insures up to $250,000 per depositor, per insured bank, per ownership category. That means you can be covered for far more than $250,000 at a single bank by using different ownership categories — for example a single account, a joint account and a retirement account are each insured separately.
What counts as a separate ownership category?
The main FDIC ownership categories are single (individual) accounts, joint accounts, certain retirement accounts such as IRAs, and revocable trust / payable-on-death accounts. Single accounts are insured to $250,000 in total per owner; joint accounts to $250,000 per co-owner; and revocable trusts to $250,000 per unique beneficiary. Balances in different categories are added together as separate coverage.
Is money over the limit lost if a bank fails?
Insured deposits up to the limit are paid quickly by the FDIC when an insured bank fails — typically within a few business days. Amounts above your coverage may be only partly recovered, depending on the recovery from the failed bank's assets. To avoid uninsured balances, keep deposits within the limit per category, or split them across multiple insured banks.
Does this calculator give an official coverage figure?
No. This is a simplified estimate of the most common ownership categories at one bank. For an authoritative figure, use the FDIC's own EDIE (Electronic Deposit Insurance Estimator) tool, which models the full rules including the more complex trust and business-account categories.
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Last updated: 2026-06-20