FDIC: Electronic Deposit Insurance Estimator (EDIE)

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margin-left: 5px; text-align: left;" tabindex="0"> <strong>SUMMARY OF TRUST RULE CHANGE:</strong></p> <ul> <li>As of <strong>April 1, 2024</strong>, the maximum insurance coverage for a trust owner with five or more beneficiaries is <strong>$1,250,000 per owner for all trust accounts (including payable on death (POD)/in trust for (ITF) accounts, formal revocable trusts, and irrevocable trusts)</strong> held at the same bank.</li> <li>Depositors can name as many beneficiaries as they wish, however the coverage limit will not exceed $1,250,000 as of April 1, 2024.</li> <li>This coverage change applies to both existing and new trust accounts, for all deposit products, including CDs regardless of purchase or maturity date.</li> </ul> <p style="margin-right: 20px; margin-left: 5px; text-align: left;" tabindex="0"> You can learn more about the new changes by reviewing this <a class="boldgreen" href="https://www.fdic.gov/news/fact-sheets/final-rule-trust-mortgage-accounts-01-21-22.pdf">fact sheet</a> (PDF). </p> <p style="margin-right: 20px; margin-left: 5px; text-align: left;" tabindex="0"> Questions? <br/> You can submit your inquiry using the <a class="boldgreen" href="https://ask.fdic.gov/fdicinformationandsupportcenter/s/?language=en_US">FDIC Information and Support Center</a>. <br/> You can also call the FDIC at 1-877-275-3342 or 1-877-ASK-FDIC. </p> </div> <div style="border: 1px solid; border-color: #e7e8e7; margin-top: 2rem; margin-bottom: 2rem;"></div> <p style="margin-right: 20px;" tabindex="0"> EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts—what's insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows the user to print the report for their records. </p> <p style="margin-right: 20px;" tabindex="0"> EDIE calculates the insurance coverage for Personal Accounts—deposits held by people in single accounts, joint accounts, payable on death (POD)/in trust for (ITF) accounts, living trust accounts, and Individual Retirement Accounts (IRAs); Business Accounts—deposits held by corporations, partnerships, and organizations, both for-profit and not-for-profit; and Government Accounts—deposits held by public units such as school districts, cities, municipalities, counties, and states. </p> </div> <div class="container-fluid"> <div class="row"> <div class="col" id="introleft"> <div class="edielist"> <div tabindex="0"> <p> <strong> EDIE can be used to calculate the insurance coverage of all types of deposit accounts offered by an FDIC-insured bank, including: </strong> </p> <ul> <li>Checking Accounts</li> <li>Savings Accounts (both statement and passbook)</li> <li>Money Market Deposit Accounts (MMDAs), and</li> <li>Certificates of Deposit (CDs)</li> </ul> </div> <div class="" id="introright"> <div class="" tabindex="0"> <p><strong>EDIE should NOT be used for investments, including:</strong></p> <ul> <li>Mutual Funds</li> <li>Stocks</li> <li>Bonds</li> <li>Annuities</li> <li>Crypto Assets</li> <li>ANY investment that is not a deposit</li> </ul> <p><strong>Even if the above investments were purchased from an insured bank.</strong></p> </div> <div id="calclink"> <p>   </p> <p tabindex="0"> <strong>Ready to go? </strong> </p> <form action="calculator.html"> <input type="submit" class="usa-button usa-button--primary width-auto margin-bottom-3 margin-x-auto text-uppercase" btn btn-primary href="calculator.html" value="Use Edie Now!"></input> </form> </div> </div> </div> <div id="tutoriallink" style="display:none"> <p><img src="images/hdg_intro_new.gif" width="120" height="24" alt="New to EDIE?"><br> <a href="tutorial.html"><img src="images/btnIntroTutorial.gif" alt="View Tutorial!" width="161" height="43" border="0"></a> </p> </div> </div>  <div class=" col buttondesktop" style="margin-top: 55px; "><img src="images/img_penny_sm.jpg" alt="Stack of Pennies" height="300"></div>  </div> <div style="clear: both;" class="container">  <h2 style="clear: both; "> <strong> <span tabindex="0"> Remember—If the accounts entered into EDIE are not deposits in an FDIC-insured bank,<br> the coverage information provided in the EDIE report does not apply. </span> </strong> </h2> </div> </div> </div> </div> </div> </div> </div> </div> </div> </section> </main> </body>  <article class="order-2 desktop:order-3 desktop:grid-col-9 margin-x-2 desktop:margin-x-0 padding-top-0">  </article> <div id="div_fdic_standard_footer"></div> <script language="javascript" type="text/javascript" src="javascript/globals.js"></script> <script language="javascript" type="text/javascript"> function GetScript(scriptFile) { return "<script type=\"text/javascript\" src=\"" + scriptFile + "\" ><\/script>"; } function SetScript() { var sservername = location.hostname; if(sservername=='edie.fdic.gov') { return GetScript('https://www.fdic.gov/apps/header-footer.js'); } else{ return GetScript('https://fdicdev.prod.acquia-sites.com/apps/header-footer.js'); } } </script> <script language="javascript" type="text/javascript" > document.write(SetScript());</script> </body> </html>

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FDIC: Electronic Deposit Insurance Estimator (EDIE)