News for hackers. Stuff that matters.

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

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.

[ Parent | on HN ]
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.
[ Parent | on HN ]