> what's the purpose of saying "FDIC Insured up to $250k"
The FDIC guarantees up to $250k, but if additional assets are available beyond that, then those will be paid out to depositors as well. It's a floor, not a ceiling
Yes, the ceiling of the guarantee. If the bank has additional assets to be sold you can still receive more of your deposit back, but the government doesn't guarantee it.
The FDIC guarantees up to $250k, but if additional assets are available beyond that, then those will be paid out to depositors as well. It's a floor, not a ceiling