What is the maximum amount guaranteed by FDIC insurance per account?

What is the maximum amount guaranteed by FDIC insurance per account?

• A. $250,000
• B. $100,000
• C. $500,000
• D. $50,000

Answer: (B)

The accurate maximum amount guaranteed by FDIC insurance per account is indeed $250,000. This limit ensures that each depositor is protected up to that amount in case of a bank failure. It applies to the total deposits held in any one insured bank, per depositor, for accounts such as savings accounts, checking accounts, and certificates of deposit. The other amounts listed do not reflect the current FDIC insurance coverage limit. Understanding the $250,000 threshold is vital for account holders to make informed decisions about their banking needs and how to structure their deposits to maintain maximum insurance coverage. The FDIC insurance limit was increased from previous levels to ensure better protection for consumers in a changing financial landscape.

The accurate maximum amount guaranteed by FDIC insurance per account is indeed $250,000. This limit ensures that each depositor is protected up to that amount in case of a bank failure. It applies to the total deposits held in any one insured bank, per depositor, for accounts such as savings accounts, checking accounts, and certificates of deposit.

The other amounts listed do not reflect the current FDIC insurance coverage limit. Understanding the $250,000 threshold is vital for account holders to make informed decisions about their banking needs and how to structure their deposits to maintain maximum insurance coverage. The FDIC insurance limit was increased from previous levels to ensure better protection for consumers in a changing financial landscape.