wrote in message
...
You are right. Multiple accounts for the same person are only insured
up to 100k.
However Joint Accounts are insured to 200k ( 100k per person ). And
accounts that are POD ( pay on death ) are insured up to 100k per
person also. So you can put your kid or grandkid on an account as a
beneficiary and have 200k insurance on the account. There are some
limits as to who you can put on an account as beneficiary, so do your
own verification. Do not trust your understanding of what I said.

Dan
From FDIC website:

Joint Accounts

1.. What is a joint account?
A joint account is an account owned by two or more individuals. Federal
deposit insurance covers joint accounts owned in any manner conforming to
applicable state law, such as joint tenants with a right of survivorship,
tenants by the entirety, and tenants in common.


2.. How are joint accounts insured?
An individual's (co-owners') interest in all qualifying joint accounts are
added together and the total is insured up to the $100,000 maximum. Each
person's interest (or share) in a joint account is deemed equal. The balance
of a joint account can exceed $100,000, as long as no owner's share of joint
accounts at the same bank exceeds $100,000.



Looks like limiting accounts to 100K per bank is the safest route.


See all the loopholes and double speak regarding account insurance at:

http://www.fdic.gov/deposit/deposits...qs3.html#joint

Best Regards
Tom.