[Uglyowl]

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It's not exactly 100k per account. If you have 4 savings accounts for $100K each at the same bank, you are only covered up to $100K. But you can be covered $100K in savings and $100K in an IRA.

-Tom

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Tom you can also have single accounts, joint accounts, beneficiary accounts, etc. A family of 4 can structure these nicely to get about $600K in insurance if I remember correctly.

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Not to mention that case is still pending and that guy is gonna receive every cent in his account. He's just being Netellered for a little while.

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Thremp, did you read the article? Generally 75% recovery on uninsured funds historically has been the norm, but sometimes it is much lower depending how bad the bank's balance sheet is.