FDIC Insurance

Get to know your coverage and ways to ramp it up

You can never be too protected, and FDIC insurance is your safety net in the unlikely event of bank failure. Today’s standard limit on FDIC insurance coverage is set at $250,000 per depositor, per insured bank, for each account ownership category.1 By opening different accounts using varying ownership categories, you can easily expand your coverage.

F D I C logo


Expand Scenario

The following is a hypothetical example of how a married couple was able to secure FDIC insurance on $1.5 million in deposits at EverBank.

expanded scenario for FDIC
This calculation assumes that all of the above accounts are on deposit at EverBank, and that the account owners do not have accounts other than those listed above at this bank.


For FDIC insurance coverage into the millions

Every situation is different, and when you need expanded FDIC insurance coverage, we’re pleased to offer a solution as an Intrafi Network member. That solution is the CDARS CD account2 which has the potential to provide you access to FDIC insurance coverage on up to $50 million in deposits.3 Through the IntraFi Network, the funds you submit for placement in an IntraFi CD with us are divided into amounts under the standard FDIC insurance maximum of $250K and placed into CDs at other banks in the network.4 The results for you include broader financial security and the added convenience of working with just one bank.

Safeguarding your money today and tomorrow

From the basics to estimating your coverage, learn more about FDIC insurance coverage and the safeguards that are in place to protect your money.

Information to keep in mind

  1. EverBank, N.A. is an FDIC-insured national banking association. The standard FDIC insurance limit of $250,000 applies per depositor, per insured depository institution for each account ownership category. FDIC insurance covers against loss due to the failure of the institution, but not due to fluctuations in currency values. Due to the nature and volatility of the foreign exchange market, the values of currencies are subject to wide fluctuations against the U.S. dollar. Foreign currency denominated instruments will entail significant risk exposure to adverse movements of the foreign currency relative to the U.S. dollar. The amount of deposit insurance available for products denominated in foreign currency will be determined and paid in the United States dollar equivalent of the foreign currency, as the value of such currency is determined by the FDIC under its regulations, on the institution's date of default. You can lose money, including principal, due to currency fluctuations. Please only deposit money that you can afford to risk, and as part of a broadly diversified strategy.

  2. The quoted CDARS® CD Annual Percentage Yields (APYs) are accurate as of 11/24/2023 and assume that interest remains on deposit until maturity. APYs may change prior to account opening. The following funding limits apply per depositor, per CD term, per week, up to an overall funding limit through CDARS of $50 million: CD terms of 3 months are limited to $10M per week. CD terms of 6 months are limited to $10M per week. CD terms of 1 year are limited to $10M per week. CD terms of 2 years are limited to $1M per week. CD terms of 3 years are limited to $0.5M per week. Early withdrawal penalties apply. Fees may reduce earnings. A minimum deposit of $10,000 is required to open the CD. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. This agreement contains important information and conditions regarding the placement of funds by us. CDARS CDs are not funded and opened ("Placed") immediately. Deposits above single institution FDIC insurance limits will not benefit from higher insurance protection until the deposit is Placed. The date your funds are received sets the earliest time your deposit can be Placed. CDARS CDs are Placed each week on Thursdays or the first Business Day thereafter. See the CDARS Deposit Placement Agreement for details. CDARS is a registered service mark of IntraFi Network LLC.

  3. CDARS has an overall funding limit per depositor of $50 million. This overall funding limit includes all deposits placed in the CDARS product through any IntraFi network bank. This means that if you currently have a CDARS CD with another member bank, the amount of FDIC insurance coverage available to you via the network when opening a CDARS CD with us will be reduced by the amount you already have placed through the CDARS CD you have with the other bank.

  4. Deposit placement through CDARS is subject to the terms, conditions, and disclosures in applicable agreements, including our CDARS Deposit Placement Agreement. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, if you have existing deposit balances at other IntraFi network banks, your balances with those banks may exceed the SMDIA as a result of the placement. You may exclude banks from eligibility to receive your funds to avoid this. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Additionally, your balances with us may exceed the SMDIA for a period of time (e.g., before settlement for deposits or after settlement for withdrawals). You are responsible for making any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS satisfies any restrictions on your deposits. IntraFi and CDARS are registered service marks of IntraFi Network LLC.


    While we are now EverBank, your accounts continue to be serviced by TIAA at this time. Please log in with your usual credentials.
    User ID

    Register | Forgot User ID | Forgot Password