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FDIC convers a single person per account type up to 250k, not per account. If it were easy to get around the rule, why have a limit at all? Folks who de-risk
by claytongulick 4y ago
FDIC convers a single person per account type up to 250k, not per account.
If it were easy to get around the rule, why have a limit at all?
Folks who de-risk by staying within the FDIC limit do it by splitting their money between multiple financial institutions.