0
What type of bank account do the Rich keep their money in if the FDIC only insures up to 100000.00 in a bank account?
Wiki User
∙ 15y ago
The FDIC insures up to $100,000 in an account, however you may use multiple accounts, each insured up to $100,000. "Rich" people became that way, not because of interest on bank accounts, but rather by making good investments.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
The FDIC insures the money in your savings account up to?
1 million dollars
How much does the FDIC insure per account?
The FDIC insures up to $250,000 per account.
A federal corporation which insures money deposited in member banks is the?
fdic
This federal corporation insures money deposited in member banks?
FDIC
How much is an account insured by the FDIC?
The FDIC insures deposits in member banks up to US$250,000 per ownership category.
The FDIC insures the money in your savings account up to?
1 million dollars
How much does the FDIC insure per account?
The FDIC insures up to $250,000 per account.
Yvette is a customer of Apexon Bank which is a member of the FDIC. She currently has a checking account that has 17371 and a savings account with 240000 in it. How much of Yvette's money is FDIC?
All of Yvette's money in both her checking account and savings account is FDIC insured. The FDIC insures up to $250,000 per depositor, per account category in the event of a bank failure. Therefore, the entire amount of Yvette's combined deposits of $257,371 is covered by FDIC insurance.
A federal corporation which insures money deposited in member banks is the?
fdic
What federal corporation insures money deposited in member banks?
FDIC
This federal corporation insures money deposited in member banks?
FDIC
How much is an account insured by the FDIC?
The FDIC insures deposits in member banks up to US$250,000 per ownership category.
How is a futures account protected?
Futures are generally protected from a financial institution from becoming insolvent from clearly defining what the financial institution's money is and what their client's money is. The FDIC also insures money.
What does it mean if a bank is insured by the FDIC?
It means that your deposits are insured or safe-kept by the FDIC. FDIC insures upto $250,000 of your deposit in your bank. So, lets say you have $50,000 in your bank account and the bank just declared bankruptcy. The FDIC will give you the $50,000 you had your bank account. Lets say I had $500,000 in my bank account. In that case I will get only $250,000 because FDIC insures only upto that amount per customer account per bank.
The FDIC insures bank deposits up to how much per deposit?
The FDIC insures deposits up to $250,000 per depositor in any bank. However, some account types are covered differently in many cases.
What the largest amount of money a person can have insured?
Usually, FDIC insures up to $250,000 in deposits.
What FDIC did?
The fdic insures personal deposits. It was 100,000 per account now 250,000 per account. for more info take a look at http://www.fdic.gov/deposit/Deposits/insured/basics.html www.southridgecapital.com
