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> what's the purpose of saying "FDIC Insured up to $250k" The FDIC guarantees up to $250k, but if additional assets are available beyond that, then those will

> what's the purpose of saying "FDIC Insured up to $250k" The FDIC guarantees up to $250k, but if additional assets are available beyond that, then those will be paid out to depositors as well. It's a floor, not a ceiling

m3kw9 4y ago
Upto sounds like a ceiling to me
- nend 4y ago
  Yes, the ceiling of the guarantee. If the bank has additional assets to be sold you can still receive more of your deposit back, but the government doesn't guarantee it.
- ntonozzi 4y ago
  If you only deposited $1000 they are not going to give you $250k back.