4 ms·

Just to clarify here, each CD is FDIC insured to $250K if it's the only account you have at that bank. see: https://www.fdic.gov/resources/deposit-insurance/br

Just to clarify here, each CD is FDIC insured to $250K if it's the only account you have at that bank. see: https://www.fdic.gov/resources/deposit-insurance/brochures/documents/your-insured-deposits-english.pdf https://www.fdic.gov/resources/deposit-insurance/brochures/d... specifically this example: https://i.imgur.com/7kKHXEf.png https://i.imgur.com/7kKHXEf.png

zie 4y ago
Just for fun: CD's are not required to be FDIC insured, it's optional based on the issuer of the CD. I'm not aware of any these days that are not FDIC insured, but that doesn't mean they don't exist. Your brokerage(assuming you have one) can sell you FDIC insured CD's as well, you don't have to go to $BANK to buy them. Assuming you want lots and lots of CD's this can make buying and managing multiple CD purchases a lot easier.