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#480010 - 01/09/06 05:15 PM deposit insurance
Tessie Offline
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Joined: Jan 2006
Posts: 155
If a corporation has $350,000 in one CD, are they FDIC insured? I thought it was up to $100,000 for each depositor.

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Deposits and Payments
#480011 - 01/09/06 05:24 PM Re: deposit insurance
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,798
Cape Cod
FDIC insurance limits are currently $100,000 per depositor at each institution. So if the CD is at one depository, it (along with other accounts of the same corporation at that institution) is insured up to $100,000.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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