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FDIC insures accounts UP TO $100,000. That is why we are encouraged to open separate accounts, each with $100K or less. You have reversed the statement to say that FDIC insures only those accounts with over $100K. That is incorrect.
Thank you for catching my error, and I've fixed the post.
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FDIC insures accounts UP TO $100,000. That is why we are encouraged to open separate accounts, each with $100K or less. You have reversed the statement to say that FDIC insures only those accounts with over $100K. That is incorrect.
Thank you for catching my error, and I've fixed the post.
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