The current FDIC insurance limit on bank deposit accounts of $250,000 is now permanent. On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law which made the limit permanent. Prior to the passage of this law, the limit was set to drop back to $100,000 per depositor on January 1, 2014. Keep in mind that this permanent increase also applies to accounts at federally insured credit unions under the National Credit Union Share Insurance Fund (“NCUA Share insurance”).
The $250,000 FDIC and NCUA Share insurance limit applies per depositor, per insured bank, for each ownership category. The ownership category refers to how an individual's or family's accounts are titled at the insured bank or savings institution.
The FDIC offers an online calculator (the Electronic Deposit Insurance Estimator) to help depositors analyze there specific situation and estimate how much of their deposits are insured. The Electronic Deposit Insurance Estimator (EDIE) can be found at their web site at https://www.fdic.gov/edie/index.html
FDIC and NCUA Share insurance does not cover funds held in investments such as stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if they were purchased from an FDIC or NCUA insured bank or savings institution.