Joint accounts. At each insured financial institution, an individual's share of funds in joint accounts is insured up to a total of $100,000. For example, if you jointly own a Certificate of Deposit account with your spouse and the balance is $200,000, your individual share of coverage would be $100,000.

Your individual share of coverage for all joint accounts held at the same financial institution cannot exceed $100,000. But remember, this coverage is separate from the insurance provided for accounts in other ownership categories, such as individual accounts and testamentary accounts, for which you are also insured up to $100,000 per ownership category.

Testamentary accounts. In the past, you did not receive additional FDIC coverage for testamentary accounts unless you named your spouse, children or grandchildren as a beneficiary. (Beneficiaries are individuals selected to receive funds upon an account owner's death.)

Now the rules have been expanded so that if you name your parent, brother or sister as beneficiaries, you qualify for additional insurance coverage.

These new rules allow you to make certain that your funds are within insurance limits to afford you maximum protection of your funds.

Be informed
For more information, visit the FDIC's website at www.fdic.gov or stop by your LaSalle branch and request our informative FDIC insurance coverage brochure.