The SVB Situation and Your Financial Picture
Integrity Financial Planning
MARCH 19, 2023
If the whole banking sector experiences bank runs and the FDIC can’t cover insured amounts, the Federal government usually steps in to support the FDIC as well. IRAs, trusts, and other accounts are also subject to limits on coverage amounts. Banks pay a premium to the FDIC to cover bank accounts of up to $250,000 per account.
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