Sample Scenario — Household: 2 People, Assets – $13,500,000 total
Eligibility for insurance through the Bank Deposit Sweep Program is limited up to a total of $2.5 million per depositor for each account ownership category. This means, depending on the type of accounts you have, you could be eligible for more than $2.5 million of FDIC insurance across your various accounts. For example, in the scenario described below, a household has $13,500,000 in cash, owned jointly and separately, in different account types. Of that amount, $13,000,000 is eligible for FDIC insurance through William Blair’s Bank Deposit Sweep Program.
| Account Ownership Category | Cash/Sweep Account Totals | FDIC Insurance | Uninsured Cash/Sweep Balance |
| Person 1: Individual Account IRA Account |
$2,000,000 $1,000,000 |
$2,000,000 $1,000,000 |
$0 $0 |
| Person 2: Individual Account IRA Account |
$3,000,000 $1,500,000 |
$2,500,000 $1,500,000 |
$500,000 $0 |
| Joint Account (Shared between Person 1 and 2) | $3,500,000 | $3,500,000 | $0 |
| Corporate Account | $2,500,000 | $2,500,000 | $0 |
| Total | $13,500,000 | $13,000,000 | $500,000 |
FDIC Deposit Insurance Coverage Limits By Account Ownership Category per Bank
| Single Accounts – Owned by One Person | $250,000 per Owner |
| Joint Accounts – Owned by Two or More Persons | $250,000 per Co-Owner |
| Revocable Trust Accounts | $250,000 per Owner per Unique Beneficiary |
| Irrevocable Trust Accounts | $250,000 per Ownership Per Account for the Noncontingent Interest of Each Unique Beneficiary |
| Corporation, Partnership and Unincorporated Association Accounts | $250,000 per Corporation, Partnership or Unincorporated Association |
| Certain Retirement Accounts – Includes IRAs | $250,000 per Owner |
For more information, please see the FDIC Insurance Brochure.