FDIC Insured

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Your accounts at your banks that carry FDIC insurance, are insured up to $100,000 and up to $250,000 for an Individual Retirement Account.

$100,000 is each account under different ownership. Example, you've got $100,000 in an individiual account in your name, and another $200,000 in a joint account with your spouse. The individual account is covered and the joint account is ALSO covered up to $100k. To cover more, you can spread your accounts across several banks ( not branches- different banks ) soo if you have $1m in checking you should ideally have 10 seperate accounts at 10 different institutions.

What accounts are included- checking, savings, money markets, and CD's- PS a money market MUTUAL fund is not FDIC insured.