Flaky-Illustrator-52

Flaky-Illustrator-52 OP t1_jddgj3x wrote

$250,000*as many accounts as you have open. FDIC insurance isn't per depositor only. It is per depositor, per institution, for each account ownership category. That is how these "cash management accounts" are able to push the limit higher - they're actually multiple accounts at multiple institutions with an interface that appears to just be one account at the institution you made your "cash management account" at

0