Right, but easy enough to select a second bank.
Let's also make a note that people with $250k+ in cash savings are a tiny group that should have no really bearing on whether cash is trustworthy.
Let's also make a note that people with $250k+ in cash savings are a tiny group that should have no really bearing on whether cash is trustworthy.
https://www.fdic.gov/deposit/deposits/
Ownership category is just something like single, joint, retirement, etc. If you have more than $250,000 spread across multiple accounts but with the same account holder and ownership category, the excess is not covered.