Maximize your FDIC insurance
Through December 31, 2013, the Federal Deposit Insurance Corporation (FDIC) will cover $250,000 per depositor.
Get more out of FDIC insurance with a few tips from us
Know the facts. You could be covered for more than $250,000. Here's a simple example of how one couple could be insured up to $1,500,000:
| Account | Account Holder | Amount |
|---|---|---|
| Ally Bank Account 1 | John Doe | $250,000 |
| Ally Bank Account 2 | Mary Doe | $250,000 |
| Ally Bank Account 3 | Joint Account, John and Mary Doe | $500,000 |
| Ally Bank Account 4 | John Doe, In Trust For (ITF) Mary Doe | $250,000 |
| Ally Bank Account 5 | Mary Doe, In Trust For (ITF) John Doe | $250,000 |
| Total: | $1,500,000 | |
Have a family of 3?
See how you could have coverage up to $1.75 million.
Family of 4?
See how you could be covered up to $2.55 million.
Instantly calculate your coverage
Looking to estimate how much of your money is covered by the FDIC? To get instant insight, try EDIE the Estimator, created by the FDIC.
Get a fresh perspective on how to protect your money with Ally Bank
- Keep separate single-name accounts for each family member. Mom, Dad, and the college student can each have a single-name account insured to $250,000 — for a total of $750,000.
- Pool your money with family or friends in multiple owner accounts. See how
- Set up an account in a child's name. If permitted in your state, the Uniform Gift to Minors Act (or Uniform Transfer to Minors Act) accounts are insured as single-name accounts under the minor's name, not the parent's or custodian's.
- Consider trust accounts. Payable on Death (POD) and In Trust For (ITF) revocable trusts allow coverage for beneficiaries. Five or fewer beneficiaries could be insured for a total of $1,250,000. See more examples