Slight correction – it is for all your accounts at a single institution combined... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

paxys on March 17, 2021 | parent | context | favorite | on: Why in the world would you own bonds?

Slight correction – it is for all your accounts at a single institution combined.

dmoy on March 17, 2021 [–]

If we're going to be pedantic, it's per institution per ownership category.

So you could have:

* individual account

* revocable trust account

* joint revocable trust account

* etc

each with a separate $250k limit at the bank (and in the case of the trusts, the limit can be $250k per beneficiary of the trust).

Join us for AI Startup School this June 16-17 in San Francisco!
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact