Banking question?

Question

If I deposit x amount in a bank, and I have three people signed as owner of the account. How much money will be insured by the FDIC?

Answer 1

100,000 per depositor, per insured bank.

Answer 2

The answer is 300,000 - here is some more information for you!

The Federal Deposit Insurance Corp. does cover individual accounts up to $100,000 per deposit per bank or $250,000 for most retirement accounts (and that includes any accrued interest).

A married couple could each open an individual account (up to $100,000 in each), a joint account (up to $200,000), two separate individual retirement accounts ($250,000 each) and two revocable trust accounts, payable on death, naming each other as beneficiaries ($100,000 each). Together that is more than $1 million of insured deposits.

Hope this helps you!

Answer 3

100K

Answer 4

I'm not a banker but read that FDIC protects depositors against loss up to $100,000.00 for a single account, you can set up other accounts at the same bank; a joint account, a retirement account, a revocable trust account, other branch's  are considered the same bank.  Using different SS# or rearranging names on the accounts does not affect the amount of insurance coverage available to co-owners of a joint account.  Although a different bank is insured separately.     This information is offered on web site:  www.fdic.gov/deposits

Good Question, I'll be anxious to read other answers.

Answer 5

x as long as it is $100,000 or less