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Old 03-14-2007, 07:39 PM
gobbomom gobbomom is offline
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Join Date: Oct 2006
Location: gobboville
Posts: 1,753
Default Re: $200,000

[ QUOTE ]
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.

[/ QUOTE ]

My guess is these are the key words. Gobbo is getting a high- yield money market account , FDIC protected.
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