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John and Mary Smith have a joint savings account with $300,000 at Any Bank. This is their only account at this IDI and it is held as a joint account with right of survivorship. While they are both alive, they are fully insured for up to $500,000 under the joint account category. Joint Accounts | FDIC Federal Deposit Insurance Corporation (FDIC) (.gov) diguidebankers documents Federal Deposit Insurance Corporation (FDIC) (.gov) diguidebankers documents PDF
The joint statement highlights key liquidity risks and some effective practices to monitor and appropriately manage those risks. The statement reminds banking organizations to apply existing risk management principles; it does not create new risk management principles.
The standard maximum deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank.
(a) Each co-owner of a joint account is insured up to $250,000 for the combined amount of his or her interests in all joint accounts of the same IDI. (b) The FDIC assumes each co-owner is an equal owner unless the IDI records clearly indicate otherwise.
The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposit Insurance FAQs - FDIC fdic.gov resources deposit-insurance faq fdic.gov resources deposit-insurance faq
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People also ask

Wealthy people do not leave large amounts of money in saving/checking accounts earning no interest or income. Instead they invest their money in stocks, bonds, real estate, mutual funds, etc. If banks only insure up to $250,000, where do rich people keep their quora.com If-banks-only-insure-up-to-25 quora.com If-banks-only-insure-up-to-25
If a couple has a joint money market deposit account, a joint savings account, and a joint CD at the same insured bank, each co-owners shares of the three accounts are added together and insured up to $250,000 per owner, providing up to $500,000 in coverage for the couples joint accounts.
The FDIC does not limit the number of beneficiaries a depositor may identify on a trust at a depository institution for trust accounts even if there are more than five beneficiaries. However, coverage is limited to $250,000 per beneficiary up to a maximum of $1,250,000 as described below. Your Insured Deposits | FDIC Federal Deposit Insurance Corporation (FDIC) (.gov) brochures documents y Federal Deposit Insurance Corporation (FDIC) (.gov) brochures documents y PDF

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