The Federal Deposit Insurance Corporation insures bank deposits up to per deposit?

Answer 1

$100,000


This is sort of complicated. Per www.fdic.gov:


"The basic insurance amount is $250,000 per depositor, per insured bank.

"The $250,000 amount applies to all depositors of an insured bank.

"Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank.

"Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured."