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A comment on Dutch entrepreneurs avoiding negative interest by opening multiple bank accounts. Parent comment

Re:Dutch entrepreneurs avoiding negative interest by opening... by ascar on Wednesday September 01, 2021 @07:38AM (#28378548)
Does (or did) the US have laws that protect a certain amount of savings?

I would assume since the 100k are guaranteed by law that the state does not further step in on losses above that.

When there is no law like that in place the situation is entirely different.

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Re:Dutch entrepreneurs avoiding negative interest by opening... by blitzar on Wednesday September 01, 2021 @07:56AM (#28378686)
https://www.fdic.gov/deposit/deposits/faq.html

FDIC deposit insurance, 250k per FDIC-insured bank, per ownership category.

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Re:Dutch entrepreneurs avoiding negative interest by opening... by dcolkitt on Wednesday September 01, 2021 @08:57AM (#28379255)
Also add this is per person including beneficiaries. So a family of four has $1mn in FDIC coverage.
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