I know it’s not exactly the same but the SVB collapse has me wondering…
If I have $100k in retirement savings am I better off putting it in 3 different banks in case one collapses?
I know about the $250k FDIC insured limit. So if I had $1M (I don’t) , is it $250k across 4 banks so I get it all back in a bank run?
Or I have $300k in one bank I just automatically lose $50k?
Does anyone ever worry about this?
Thanks.
Submitted March 12, 2023 at 05:12AM by Lumpy-Sample4020 https://ift.tt/muxvJwR
