What is the maximum amount insured per depositor, per insured bank by the FDIC?

The Federal Deposit Insurance Corporation (FDIC) insures deposits in member banks to safeguard depositors' funds in the event of a bank failure. As of the latest guidelines, the maximum amount insured per depositor, per insured bank is $250,000. This limit applies to each depositor for each bank, ensuring that individuals can hold a significant amount of savings safely without risk of loss from bank insolvency.

It's crucial for clients to be aware of this limit, as it aids in financial planning and determining how much they should deposit in multiple institutions to maximize coverage. The FDIC regularly reviews and adjusts this limit to account for inflation and changes in the financial landscape. Understanding the insurance limits helps individuals make informed decisions about where to place their deposits, ensuring that they remain within the insured amounts to keep their money secure.