The current FDIC insurance limit on bank deposit accounts of $250,000 is now permanent. ... The $250,000 FDIC and NCUA Share insurance limit applies per depositor, per insured bank, for each ownership category.

What is the FDIC limit for 2021?

That was back in 1934, and today not much has changed except for the FDIC coverage limit growing by a multiple of 100, from $2,500 to $250,000 as of 2021. Today, FDIC insured banks will cover $250,000 in deposits per account owner / ownership category, per insured bank.

When did FDIC coverage change?

2006: As of April 1, deposit insurance for individual retirement accounts (IRAs) is increased to $250,000. 2008: The Emergency Economic Stabilization Act (EESA) of 2008 is signed on Oct. 3, 2008. This temporarily raised the basic limit of federal deposit insurance coverage from $100,000 to $250,000 per depositor.