How much does FDIC cover in a joint account?

The Federal Deposit Insurance Corporation (FDIC) covers joint accounts up to $250,000 per co-owner, per insured bank. This means that if two individuals are co-owners of a joint account, the total coverage for that account can be up to $500,000, assuming each owner's share is equal. It's important to note that the coverage applies to the account balance, not the individual contributions to it. Always ensure that the bank is FDIC-insured to benefit from this protection.