Changes to FDIC Deposit Insurance Coverage
The standard deposit insurance amount is permanently raised to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership type.
NOTICE: By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information, visit: fdic.gov