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Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?

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11-16-2007, 12:21 PM

AvivaSimplex AvivaSimplex is offline

AvivaSimplex is offline

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Re: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?

Many places also offer free SIPC insurance to supplement FDIC insurance. Generally this insures you for between $500k and $10M, and is quite reliable. I would check the fine print for whichever place you want to deposit to see if they provide this added insurance. I would think Charles Schwab or other brokerages would be most likely to.

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