EmilyD wrote:
That's right.....Not all accounts are insured. Mutual funds, annuities, IRA's, Money Market assets, securities, crypto assets, stock and bond investment assets....in fact any account that is not a deposit account is not federally insured...
The limit on FDIC insurance is $250,000 per depositor, per institution, so it is important to know how much money you have in different accounts within one institution to be sure your funds are fully covered.
And even that’s not guaranteed if the bank faults and goes into receivership you may be lucky to get half of your money back. That could take years. It Ain’t pretty.