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A comment on SVB lobbied the government to relax some Dodd-Frank provisions. Parent comment

Re:SVB lobbied the government to relax some Dodd-Frank provi... by exegete on Sunday March 12, 2023 @08:51AM (#35119488)
Even if you have all your money spread across different accounts (of the same category) at the same bank they all contribute to the $250k limit. It needs to be spread across account categories and banks.
[ Parent | on HN ]
Re:SVB lobbied the government to relax some Dodd-Frank provi... by Kye on Sunday March 12, 2023 @01:26PM (#35123099)
The FDIC has a resource on this that goes into more detail.

https://www.fdic.gov/resources/deposit-insurance/brochures/i...

For this in particular:

>> "The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank. For example, if a person has a certificate of deposit at Bank A and has a certificate of deposit at Bank B, the amounts would each be insured separately up to $250,000. Funds deposited in separate branches of the same insured bank are not separately insured."

[ Parent | on HN ]