Macmillan Holdings, LLC. Money Girl, QDnow, and Quick and Dirty Tips are trademarks of Macmillan Holdings, LLC. Are your deposits insured? elsa money Keeping all your eggs in one basket is not always the best thing. My great aunt lost considerable amount of money coz she and her husband kept their sale proceeds in one account. elsa from survey forums http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=16911#Comments http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=16911#Comments Sun, 10 May 2009 19:26:42 GMT David money In Britain the amount 100% insured was just £2,000 ($4,000) until last year when it was pushed up to £35,000 ($70,000) after Northern Rock collapsed. David. insurance info http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=13285#Comments http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=13285#Comments Fri, 01 Aug 2008 14:23:17 GMT Doug money But the government could tax or print the money to meet obligations, correct? http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=808#Comments http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=808#Comments Wed, 15 Aug 2007 22:03:31 GMT Tom money The FDIC only has enough funds to cover 2% of the insured amount. So if more than 2% failure occurs... http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=807#Comments http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=807#Comments Wed, 15 Aug 2007 06:39:46 GMT Doug money What is your reference for this statement:"While FDIC insurance would protect your deposits in the event that your bank goes under as an isolated case, it’s not designed to handle an extensive banking-system collapse."I always understood that FDIC insurance would protect against a banking system collapse. http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=806#Comments http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=806#Comments Wed, 15 Aug 2007 03:15:03 GMT Money Girl money Hi Chris,Thanks for your post and info. Joint accounts are considered a different account type, but the insurance limit of $100,000 applies to the total ownership portion of each owner's joint and individual accounts. If a person has $200,000 in a joint account with two owners, the bank will consider half or $100,000 to be theirs by default. If they also have their own individual accounts at the same bank, the sums in those accounts would be added to the $100,000 from the joint account and the portion exceeding the $100,000 would not be covered by FDIC insurance. Detailed information about the rules and different ownership categories is available in this FDIC publication:http://www.fdic.gov/deposit/deposits/insured/yid.pdfThanks for listening to my podcast! To Your Success!-Money Girl http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=805#Comments http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=805#Comments Thu, 09 Aug 2007 20:38:35 GMT ChrisCD money Also, a husband and wife can have up to $400,000 of insurance at each bank. Joint accounts are considered a seperate account type and are insured up to $200,000 and the individual accounts are insured up to $100,000. Totten trust (Payable-on-Death and In Trust For) are also insured seperately. So a husband and wife with children and/or grand children can have amounts insured above $400,000. Good to keep in mind if you run across a bank that has an extra special rate. http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=804#Comments http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx?commentid=804#Comments Thu, 09 Aug 2007 17:20:02 GMT Sun, 10 May 2009 19:26:42 GMT http://moneygirl.quickanddirtytips.com/fdic-insurance.aspx feedback@quickanddirtytips.com (Managing Editor) feedback@quickanddirtytips.com (Webmaster) en-us