Not exact matches
If a couple has a
joint checking
account and a
joint savings
account at the
same insured
bank, each co-owner's shares of the two
accounts are added together and insured up to $ 250,000, providing up to $ 500,000 in coverage for the couple's
joint accounts.
If both owners have equal rights to withdraw money from a
joint account, each person's shares of all
joint accounts at the
same insured
bank are added together and the total is insured up to $ 250,000.
If you've an individual
account with the
same bank, half the
joint savings count for your total exposure, and any amount over # 85,000 isn't protected.