What type of accounts can potentially receive increased FDIC insurance coverage through multiple ownership categories?

Increased FDIC insurance coverage can be obtained through multiple ownership categories, which applies to various types of accounts rather than being limited to a specific category like checking or savings accounts. The FDIC insures deposits held in different ownership categories separately, allowing each owner to benefit from higher coverage limits.

For instance, if an individual has a single ownership account, a joint account, and a retirement account, each category can receive up to the standard insurance limit for deposits, providing additional protection. This principle extends to checking accounts, savings accounts, and other deposit accounts. Therefore, whether it’s a checking, savings, or any other qualifying account type, all can contribute to increased FDIC insurance coverage when they are held in different ownership capacities.