What is the fdic limit?

First, as the insurer of the bank's deposits, the FDIC pays insurance to depositors up to the insurance limit. read more

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. read more

Coverage Limit: Owner insured $250,000 for each unique beneficiary designated A revocable trust can be revoked, terminated or changed at any time, at the discretion of the owner(s).The account title must disclose trust relationship with phrases such as Living/Family Trust, Payable on Death (POD), In Trust For (ITF). read more

The Federal Deposit Insurance Corp., or FDIC, has been insuring bank deposits since it was established 85 years ago. The FDIC insures checking, savings and money market accounts, and certificates of deposit, or CDs, for up to $250,000. read more