4 ms·

It’s deposit volume rather than number of accounts that are over $250k. I’m sure that most of the accounts are <$250k, but a single $1m account accounts weighs

by ericd 4y ago

It’s deposit volume rather than number of accounts that are over $250k. I’m sure that most of the accounts are <$250k, but a single $1m account accounts weighs the same as 100 $10k accounts.

dwighttk 4y ago
But why is anyone holding $1M in an account insured up to $250K?
- ericd 4y ago
  Many companies pay out their workers more than $250k per pay period.
- ZiiS 4y ago
  If you have 100+ employees for payroll.