2 ms·

looks like the rules were changed sometime in 2020 based off this leaflet: https://www.fdic.gov/resources/deposit-insurance/brochures/documents/your-insured-de

looks like the rules were changed sometime in 2020 based off this leaflet: https://www.fdic.gov/resources/deposit-insurance/brochures/documents/your-insured-deposits-english.pdf https://www.fdic.gov/resources/deposit-insurance/brochures/d... I don't know what section of the Federal Register to consult to see if that is actually backed up by something enforceable

JumpCrisscross 3y ago
> the rules were changed sometime in 2020 What rule are you referring to? FDIC coverage has never had a lifetime limit. That would mean someone who gets an FDIC payout at one bank should rush to pull their deposits at others.
pgwhalen 3y ago
What are you referring to in this document? The only reference to "lifetime" is for revocable trust accounts, which obviously is not the kind of FDIC insurance most people are concerned about.