The Truth About FDIC Insurance: How to Insure More Than $250,000 | Episode 77

When you think about the safety of your hard-earned money, one of the first things that might come to mind is FDIC insurance. Established in 1933, the Federal Deposit Insurance Corporation (FDIC) provides a sense of security for depositors by insuring their deposits in member banks up to a standard limit of $250,000 per depositor, per insured bank, for each account ownership category. However, did you know that you can actually insure much more than that by strategically structuring your accounts? Christine Hankins, President of Retail Banking is letting us in on the truth about FDIC insurance and how you can maximize your coverage at your FDIC insured bank.