8 Types of Deposits Covered By FDIC Insurance in Banks – Part 3

Employee Benefit Plan Accounts
Employee benefit plan accounts are deposits of a pension plan, profit-sharing plan or other employee benefit plan.
Employee benefit plan deposits are insured up to $100,000 for each participant’s non-contingent interest in the plan.
This coverage is known as “pass-through” insurance because the insurance coverage passes through the plan administrator to each participant’s interest [...]

8 Types of Deposits Covered By FDIC Insurance in Banks

Single Accounts
A single account is a deposit owned by one person. The following deposit account types are included in this ownership category: Accounts held in one person’s name alone
Accounts established for one person by an agent, nominee, guardian, custodian, or conservator, including Uniform Transfers to Minors Act accounts, escrow accounts, and brokered deposit accounts
Accounts held [...]

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