FDIC Explained

If you're concerned about whetheryour bank accounts are protected byFederal Deposit Insurance Corporation(FDIC) insurance, here are some simpleguidelines. If you have less than $100,000in an account at a single FDIC-insuredbank, you're okay. If you have morethan $100,000 in a single bank, youmay still be fully protected as long asthe money is split into separate accountcategories–single, joint, CDs, etc–with less than $100,000 in each.Exception: In a joint account, each depositoris insured for up to $100,000, so youcould have as much as $200,000 in ajoint account with your spouse and stillbe fully protected. For a full rundown ofFDIC rules, go online to www.fdic.gov/deposit/deposits/insured/index.html.