Hello my banking experts of reddit,
I am wondering if someone can advise me on how the $250,000 FDIC insurance limit works in practice. I know it covers an individual per bank account, but is that per product, or in total?
Example:
Let's say I'm in charge of managing $1M. If I put $500K at one bank, but divide it $250K into savings and $250K into a CD, does that stay within the limits, or exceed?
Submitted March 20, 2019 at 09:57AM by socialwarning https://ift.tt/2TklFTf
