Insured depositors can be covered for much more than $250,000 at any given FI under current FDIC regulations.

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Insured depositors can be covered for up to $250,000 per ownership category (such as individual accounts, joint accounts, etc.) at any given FI. However, if a depositor has accounts in multiple ownership categories, they can be covered for more than $250,000. For example, if someone has $250,000 in an individual account and $250,000 in a joint account with a spouse, both accounts would be fully insured for a total coverage of $500,000. Additionally, some types of accounts such as retirement accounts and trust accounts may be eligible for higher insurance coverage.

Insured Depositors Can Be Covered for Much More Than $250,000