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A comment on Yellen says government will help SVB depositors but rules out bailout. Parent comment

Re:Yellen says government will help SVB depositors but rules... by rullelito on Sunday March 12, 2023 @11:14AM (#35121002)
It's 250,000 per institution. Just don't hold more than that much in a non-system critical bank, spread it out. If you do that you're 100% safe.
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Re:Yellen says government will help SVB depositors but rules... by koolba on Sunday March 12, 2023 @11:15AM (#35121021)
Per account type, per person, per institution.

So separate checking and savings are insured for $250K each.

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Re:Yellen says government will help SVB depositors but rules... by auntienomen on Sunday March 12, 2023 @11:43AM (#35121426)
NO! Checking and savings accounts are NOT separately insured! The FDIC is $250k per bank, per depositor and per ownership category. Ownership category = single account / joint account / trust account / mortgage escrow account/ (10 more obscure categories).

As a regular person, you get $250k for your checking and savings together, and your spouse gets $250k for theirs, and then you get another $250k for jointly owned accounts.

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Re:Yellen says government will help SVB depositors but rules... by koolba on Sunday March 12, 2023 @12:54PM (#35122585)
Oh crap you’re right. I was mixing up tenancy and type.
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