FDIC insurance calculator
By Jude Wallis
FDIC insurance covers eligible deposits per depositor, per insured bank, per ownership category. Against a $250,000 limit, a $280,000 balance leaves $30,000 uninsured.
Covered by FDIC insurance
$250,000.00
$30,000.00 sits above the limit for this category.
- Eligible deposits
- $280,000.00
- Coverage limit
- $250,000.00
- Uninsured amount
- $30,000.00
Combined eligible deposits for one depositor, at one insured bank, in one ownership category.
The standard one-category limit is $250,000. Change it only if a different limit applies.
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On this page
The formula
is the combined eligible balance in one category at one insured bank. is the coverage limit. Uninsured is whatever sits above .
One category, one bank, one depositor
Coverage is not per account nickname. Eligible deposits in the same ownership category at the same insured bank are added first. The limit is then applied to that total.
With and , covered is $250,000 and uninsured is $30,000. A $180,000 balance against the same $250,000 limit is fully covered.
How FDIC insurance works is the explainer. This page is the one-category identity.
The product has to be a deposit
Checking, savings, money market deposit accounts and certificates of deposit can be deposits. Stocks, bonds, mutual funds, annuities and crypto assets are not, even when they are sold in a bank lobby.
A money market fund is a fund. A money market deposit account is a bank deposit. The names sit next to each other. The protection does not.
Savings account types separates deposit products by access and rate. Confirm the product is an eligible deposit before this arithmetic means anything.
A second bank is a second limit
A different FDIC certificate starts a new bank total. Two brands can still share one certificate. BankFind and the deposit agreement name the legal institution.
Joint accounts, certain retirement deposits and qualifying trusts can sit in other categories when their titling rules are met. This calculator does not sort those categories. It applies one limit to one already-grouped total.
Liquidity is how fast cash can be spent. FDIC coverage is what happens to an eligible deposit if that bank fails.
What this page is not doing
It does not look up a certificate, read a trust instrument, or price a receivership recovery on the uninsured slice.
Treat the output as from the two inputs you typed. This is educational material, not financial advice.
Worked examples
A balance above the standard limit
One depositor holds $280,000 of eligible deposits in one ownership category at one insured bank. The limit is $250,000. How much is covered?
- Covered is the smaller of $280,000 and $250,000, which is $250,000.
- Uninsured is , so $30,000.
$250,000 is covered and $30,000 is uninsured on a $280,000 balance against a $250,000 limit.
A balance inside the limit
The same one-category rule, but the eligible balance is $180,000 and the limit is still $250,000. How much is covered?
- Covered is the smaller of $180,000 and $250,000, which is $180,000.
- Uninsured is 0 because the balance does not exceed the limit.
The whole $180,000 is covered. The uninsured amount is 0.
Counting each account as a separate \$250,000 pot
Opening three savings accounts in the same name at the same bank does not create three limits. The balances are added, then one limit is applied.
A second nickname on the statement is not a second ownership category. Category follows legal capacity, not the label on the app.
Common questions
Is a money market fund FDIC-insured?
No. A money market fund is a mutual fund. A money market deposit account is a bank deposit and can qualify.
Do two bank brands always have separate coverage?
No. Separate brands can operate under one FDIC certificate and count as one insured bank.
Does coverage have to be purchased?
No. Eligible deposits at an insured bank are covered automatically. The bank funds the insurance through assessments.
Keep reading
This page is educational material, not financial advice. The figures come from the formula shown and assume the inputs you enter hold for the whole term. Your own rate, fees, taxes and timing will differ, so treat the output as arithmetic to check a decision against, not as a recommendation.