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The FDIC insures up to $250,000 per account holder, insured bank and ownership category in the event of bank failure. If you have more than $250,000 in the bank, or you're approaching that amount, you may want to structure your accounts to make sure your funds are covered.

The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank.

An account that contains more than $250,000 at one bank, or multiple accounts with the same owner or owners, is insured only up to $250,000. The protection does not come from taxes or congressional funding. Instead, banks pay into the insurance system, and the insurance provides their customers with protection.

If a couple has a joint money market deposit account, a joint savings account, and a joint CD at the same insured bank, each co-owner's shares of the three accounts are added together and insured up to $250,000 per owner, providing up to $500,000 in coverage for the couple's joint accounts.

Open an account at a different bank. ... Add a joint owner. ... Get an account that's in a different ownership category. ... Join a credit union. ... Use IntraFi Network Deposits. ... Open a cash management account. ... Put your money in a MaxSafe account. ... Opt for an account with both FDIC and DIF insurance.

Even if you had more than the $250,000 limit deposited, you might not lose any of your funds. If another bank takes over, your money will simply transfer there. If not, the federal government may cover the remainder of your funds, as it offered to do after the Signature Bank and Silicon Valley Bank failures.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. And you don't have to purchase deposit insurance. If you open a deposit account in an FDIC-insured bank, you are automatically covered.