Mark Helig has a checking account in his name and a joint savings account with his wife at the same bank.The maximum amount of deposit insurance the Heligs have is $250,000.

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The maximum amount of deposit insurance for individual accounts is $250,000 per depositor, per insured bank, for each account ownership category. Since Mark has a checking account and a joint savings account, the joint account is insured separately up to $250,000 per co-owner, potentially increasing their total coverage.

Mark Helig Has a Checking Account in His Name and a Joint