Personal Capital Cash is a program that offers you the ability to earn a higher interest rate on your cash than you might earn in a traditional Checking or Savings account.
At the same time, the Personal Capital Cash Program offers up to an aggregate of $2,000,000 in FDIC insurance coverage, which is greater than the standard $250,000 any single bank can offer.
The aggregate FDIC insurance coverage for a Joint Cash account is up to $4,000,000 ($2,000,000 per owner).
For more details click here.