Re: $200,000
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Does the FDIC insure accounts for more than $100k? I was under the impression that this was the max they would insure per individual account.
Edit: According to Wikipedia, the limit is $100,000 per depositor per bank:
The FDIC provides deposit insurance which currently guarantees checking and savings deposits in member banks up to $100,000 per depositor.
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My guess is these are the key words. Gobbo is getting a high- yield money market account , FDIC protected.
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