Mary Young has a checking account in her name and a joint savings account with her husband at her bank.The maximum amount of deposit insurance she has is $100,000.

Question

Quizplus · Accepted Answer

The FDIC provides separate insurance coverage for individual and joint accounts. Mary would have $250,000 coverage for her checking account and $250,000 for her share of the joint savings account, totaling $500,000.

Mary Young Has a Checking Account in Her Name and a Joint