Subject to certain conditions, single and joint accounts are separately insured, and revocable trusts generally provide $250,000 of coverage per beneficiary. Additionally, all bank depositors can have insurance coverage in excess of the basic limits of $250,000 per institution, with an additional $250,000 per institution for IRAs.
Bremer Bank offers several options to expand your FDIC Insurance coverage. Speak with your banker for more information.
For additional information, we recommend visiting the FDIC website for an excellent calculator to help you learn about deposit insurance and calculate the insurance coverage of your accounts. The FDIC website also includes Frequency Asked Questions and Deposit Insurance Guides to answer your questions about FDIC Insurance and how it affects your deposit accounts.