Don_Dickle@lemmy.world to

No Stupid Questions@lemmy.world · 4 months ago

If a US bank only insures your money up to 250k does that mean I have to visit four different banks to have a million dollars insured?

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If a US bank only insures your money up to 250k does that mean I have to visit four different banks to have a million dollars insured?

Don_Dickle@lemmy.world to

No Stupid Questions@lemmy.world · 4 months ago

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4 months ago
They’re not keeping a million sitting around in cash. Investment accounts have a separate insurance program

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