Understand FDIC Insurance and Coverage Limits | Capital One
The FDIC wants to make sure it can cover everyone with a bank account, so to make that happen, it caps how much money it insures. In short, the agency covers up to $250,000 per person per account. 2 But it’s not just the type of account that matters—it’s whose name is on it. Let’s say you have $100,000 in your checking account and $150,000 in your savings, all at the same bank.
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