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 …Read More