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I have a really dumb question. If my spouse and I have a checking account and a savings account at the same US Bank, does the 250K limit apply to the total of b

I have a really dumb question. If my spouse and I have a checking account and a savings account at the same US Bank, does the 250K limit apply to the total of both accounts or each account separately? Say we have 200K in checking and 200K in savings. Would we get 400K from FIDC or just 250K total? Thanks

paxys 4y ago
The limit applies to all your accounts at the bank combined. However you and your spouse each get $250K worth of insurance, so in this case it'll be $500K.
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