The FDIC provides deposit insurance up to how much per ownership category in each insured bank?

• A. $100,000
• B. $250,000
• C. $500,000
• D. $1,000,000

Answer: (B)

FDIC deposit insurance protects deposits up to $250,000 for each ownership category at every insured bank. This means the insurance limit is not just one total per person at a bank, but $250,000 for each category of ownership you hold decisions in. For example, you could have up to $250,000 insured in a single-owner account and, separately, up to $250,000 insured in a retirement account at the same bank, since these are different ownership categories. Different accounts held in joint ownership, revocable trust, or other qualifying categories also have their own $250,000 limits per category, as long as they meet the category rules. So the maximum per ownership category is $250,000.