For married depositors,it is possible to increase the $250,000 of deposit insurance to up to $1,500,000 by opening a variety of accounts in different depositor names at the same institution.

Question

Quizplus · Accepted Answer

This is true. By opening accounts in different depositor names such as joint accounts, trust accounts, and retirement accounts, married depositors can increase their deposit insurance coverage up to $1,500,000 at the same institution.

For Married Depositors,it Is Possible to Increase the $250,000 of Deposit