How should I have my funds distributed so that they are all FDIC insured? Are there other/private ways to insure your accounts above and beyond the FDIC?
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First, it is not recommended that you set up accounts in ways that don't fit your financial or estate planning purposes only to obtain added coverage. There are a number of Question and Answer pages on FDIC coverage in our Keeping Your Money Safe section. Read through those pages first, then take your actual situation to your banker to discuss your options.
One alternative you may be able to avail yourself of is the CDARS program, which provides up to $50 million in FDIC coverage for certificates of deposit. CDARS is only available from participating banks, so check with your bank to see if they have it available. You can get more information about the CDARS program here.
Published on BankingQuestions.com 10/16/08; updataed 7/21/10
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First, it is not recommended that you set up accounts in ways that don't fit your financial or 