The maximum amount of FDIC deposit insurance per eligible deposit account is
A) $50,000
B) $100,000
C) $250,000
D) $500,000
E) greater than $1,000,000.

Question

Quizplus · Accepted Answer

The maximum amount of FDIC deposit insurance per eligible deposit account is currently $250,000. This means that if an individual has multiple deposit accounts at the same FDIC-insured bank, the total insurance coverage is still limited to $250,000. If an individual has more than $250,000 in deposits at one bank, they can either spread the funds across multiple banks or types of accounts to ensure full coverage, or accept the risk that any amount over $250,000 may not be insured if the bank were to fail.

The Maximum Amount of FDIC Deposit Insurance Per Eligible Deposit