What is the current limit on balances that are covered by federal deposit insurance?

Question

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The current limit on balances covered by federal deposit insurance is $250,000. This means that if an individual has a deposit of up to $250,000 in a bank account that is insured by the Federal Deposit Insurance Corporation (FDIC), their funds are protected in case the bank goes bankrupt or cannot fulfill its obligations. It is important for individuals to be aware of this limit and to spread their funds across multiple accounts or institutions if they have more than $250,000 in savings.

What Is the Current Limit on Balances That Are Covered