3 ms·
Only up to 250k. Any more and you need your own insurance.
by sschueller 5y ago
Only up to 250k. Any more and you need your own insurance.
- ARandumGuy 5y ago$250k per account, up to 6 accounts. So the FDIC insures up to $1.5 million. If you have more then that, I think you can find other ways to secure your money.
- toomuchtodo 5y agoAnything above FDIC insurance limits and you’re in US Treasuries, backed by the full faith and credit of the US Treasury. They’re one of the safest financial assets in the world. The risk of default is almost, but not quite, zero.
- ffggvv 5y agothe fed has never not bailed people out, whether it’s money market funds or anything else even if not fdic insured