[danaris]

Anyone who has to worry about losing money above $250k per bank can bloody well afford it.

To handwave away the FDIC insurance like that makes you sound like you think everyone under that threshold just doesn't matter.

[HWR_14]

It's not $250k per bank. It's $250k per account type. So you get your savings, money market, checking and CD and boom, it's a million at a single bank FDIC insured.

[johntb86]

It's $250k per per depositor, per insured bank, for each account ownership category. So if you'd need to move your CD, savings, checking, etc. into separate ownership categories (e.g. one held in a single account, another held in a joint account, another held in a revocable trust) for that to work.

[HWR_14]

Ah, I missed the nuance. I knew that it was possible to duplicate coverage and misunderstood how.

[danaris]

My apologies; I was unaware of that nuance.

I doubt I'll ever be able have over $250k in savings at any one time, so it wasn't something that seemed too much worth my time to learn more about.

[HWR_14]

Sorry, I had the wrong nuance. According to the other poster, it's by ownership type, not account type.