- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Capital One 360 Performance Savings - UPDATE: 4.35% APY as of 12/11/23
Posted on 6/5/23 at 7:46 am to BThibodeaux
Posted on 6/5/23 at 7:46 am to BThibodeaux
Is the limit 500k for joint accounts?
So if you had joint savings and checking accounts, you could be covered up 1M?
So if you had joint savings and checking accounts, you could be covered up 1M?
Posted on 6/5/23 at 8:23 am to LSUSports247
The limit for a joint account is $500,000, calculated at $250,000 per depositor. Adding a joint checking account would not expand the coverage for the same depositors.
If the checking account is not a joint account, it would be classified as being in another category and that depositor would be covered up to $250,000.
The FDIC site explains the different categories. I would suggest reviewing that and calling the financial institution to verify.
There is one additional option to consider. I was told by a Capital One representative that the FDIC expands coverage if additional beneficiaries are added to an account. It was suggested to go to the FDIC site and type EZIE in the search box that brings you to a calculator that helps estimate coverage. I’m not familiar with that approach but it may be worth your time.
If the checking account is not a joint account, it would be classified as being in another category and that depositor would be covered up to $250,000.
The FDIC site explains the different categories. I would suggest reviewing that and calling the financial institution to verify.
There is one additional option to consider. I was told by a Capital One representative that the FDIC expands coverage if additional beneficiaries are added to an account. It was suggested to go to the FDIC site and type EZIE in the search box that brings you to a calculator that helps estimate coverage. I’m not familiar with that approach but it may be worth your time.
This post was edited on 6/5/23 at 9:18 am
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)