Quote:
Originally Posted by Station
however, the FDIC only insures the first 100k for any individual, and like the article said, 250k for retirement accounts, so a family could have up to 450k insured...
that being said, there are possibly some people that lost money that won't have to be repaid by the FDIC which would bring down their responsibility, but i doubt it would be much... i'd like to think that people with that much liquid cash would be smarter about where they put it... 
i'd like to think a lot of things, but i'm often proved wrong by human stupidity |
correct but i think a work around is if you have more than one bank account at a different bank the fdic will cover your amount up to 100k at each bank. im not 100% on that though.