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Share Insurance

NCUA vs FDIC

How does NCUA and FDIC deposit insurance compare?

Single, Joint and Retirement Account Comparison

Single Account, 1 Owner

Joint Account, Multiple Owners

Retirement Accounts, includes IRAs

  • NCUA.gov

    $250,000 aggregate for Roth, Traditional and Keogh; All IRA coverage is separate in addition to coverage for other credit union accounts. 

  • FDIC.gov

    $250,000 per owner

Share Insurance Estimator

Use NCUA’s online Share Insurance Estimator to determine how the share insurance rules apply to your member accounts-what’s insured and what portion (if any) exceeds coverage limits.

Learn More

Revocable Trusts, Business and Government Account Comparison

Revocable Trusts

  • NCUA.gov

    $250,000 per owner per beneficiary up to 5 beneficiaries (Coverdell Education Savings Accounts insured in this category)

  • FDIC.gov

    $250,000 per owner per beneficiary (up to 5 beneficiaries) 

Corporation, Partnership, and Unincorporated Association Accounts

  • NCUA.gov

    $250,000 per corporation, partnership or unincorporated association

  • FDIC.gov

    $250,000 per corporation, partnership or unincorporated association

Government Accounts

  • NCUA.gov

    $250,000 per official custodian

  • FDIC.gov

    $250,000 per official custodian

More Information about Accounts and Insurance

Sound savings, money market, checking, IRA and certificate accounts are insured by the National Credit Union Administration (NCUA) up to $250,000. Additional coverage may be available based on account structure and number of owners on accounts. For more information, visit the NCUA website and this share insurance estimator tool.

Yes. Sound’s Extended Insurance Account allows eligible business members to receive NCUA insurance coverage on deposits exceeding $250,000.

Through our partner network, your funds are distributed among participating federally insured credit unions in amounts that remain within applicable NCUA insurance limits. This allows you to access extended insurance coverage of up to $18 million while maintaining the convenience of one account relationship with Sound.

Only a Savings or Certificate account can be used for a share or certificate Secured loan. IRA, Checking, and Money Market accounts cannot be used.

Unlike a regular savings account, a share certificate typically offers a higher interest rate in exchange for locking in your money for a fixed term.