4 ms·

Does (or did) the US have laws that protect a certain amount of savings? I would assume since the 100k are guaranteed by law that the state does not further st

by ascar 5y ago

Does (or did) the US have laws that protect a certain amount of savings? I would assume since the 100k are guaranteed by law that the state does not further step in on losses above that. When there is no law like that in place the situation is entirely different.

blitzar 5y ago
https://www.fdic.gov/deposit/deposits/faq.html https://www.fdic.gov/deposit/deposits/faq.html FDIC deposit insurance, 250k per FDIC-insured bank, per ownership category.
- dcolkitt 5y ago
  Also add this is per person including beneficiaries. So a family of four has $1mn in FDIC coverage.