In the wake of the 2023 bank failures, some banks now offer customers more FDIC insurance than the standard $250,000—up to $2 million in some cases with bank accounts at SoFi, Wealthfront, and Betterment. To offer these higher insurance limits, banks divvy up your deposits of over $250...
According to the FDIC, the Deposit Insurance Fund (DIF) held $128.2billionas of December 31 while the total of domestic deposits tallied up to $17.7trillion. But some of those deposits exceed the insurance limits. According to the FDIC, as of Decembe...