Category - Budgeting

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How Much FDIC Insurance Can I Have at One Bank?

How Much FDIC Insurance Can I Have at One Bank?

How Much FDIC Insurance Can You Have at One Bank?Most people understand that the FDIC insures certain kinds of bank deposits, like bank CDs. There’s no way to “guarantee” an investment against losses, but an FDIC-insured deposit is probably the closest most of us will ever come to a guaranteed investment. However, consumers are sometimes a bit confused about how much FDIC insurance coverage they can have.

The current FDIC insurance limit is $100,000, so it’s not so common that a household would need to worry about having enough coverage.  But sometimes people have unusual liquidity needs, or lots of money, or they’re just very conservative and want to …

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