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A comment on The Collapse of SVB Exposes the Largest Crack in the Economy. Parent comment

Re:The Collapse of SVB Exposes the Largest Crack in the Economy by x3n0ph3n3 on Saturday March 11, 2023 @01:02AM (#35105896)
No, FDIC insurance applies to account owners, not accounts.

Fun fact, if you're married, you can actually turn that into 3 * FDIC insurance limit.

- Account 1: You

- Account 2: Your spouse

- Account 3: Jointly you and your spouse

[ Parent | on HN ]
Re:The Collapse of SVB Exposes the Largest Crack in the Economy by paulclinger on Saturday March 11, 2023 @02:05AM (#35106176)
Even more: single, joint, retirement, revocable and irrevocable trust accounts all fall into different categories and are insured independently for each account owner in each bank (the joint account is 250k for all co-owners): https://www.fdic.gov/resources/deposit-insurance/financial-p...
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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by edulix on Saturday March 11, 2023 @02:09AM (#35106190)
Or you could hold short-term t-bills for any extra money over the FDIC insurance limit. Then you are good unless the US Gov goes bankrupt, which is a non-zero risk but much lower and different.
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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by tome on Saturday March 11, 2023 @05:06AM (#35106998)
Yes, I don’t understand what systemic forces are making this not the standard practice.
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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by phone8675309 on Saturday March 11, 2023 @05:07PM (#35113284)
SVB and its depositors most likely felt that SVB was too big to fail and that the government would just bail them out
[ Parent | on HN ]