What is the maximum coverage amount for an individual depositor under the FDIC?

The maximum coverage amount for an individual depositor under the Federal Deposit Insurance Corporation (FDIC) is $250,000. This limit applies to the total amount of deposits a single depositor can have at a bank and is designed to provide insurance for various deposit types, including savings accounts, checking accounts, and certificates of deposit (CDs), as long as they are held in a single ownership capacity.

This coverage is crucial for safeguarding depositors' funds, especially in the event of a bank failure. The FDIC insurance provides peace of mind to individuals knowing that their deposits up to $250,000 are protected. It's important to note that this limit is per depositor, per insured bank, for each ownership category. Therefore, if a depositor has accounts in multiple ownership categories or multiple banks, they can potentially be insured for amounts greater than $250,000.

The other options listed, such as $200,000, $300,000, and $400,000, do not reflect the current maximum coverage amount and therefore do not provide accurate information regarding FDIC insurance limits.