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FDIC Insurance on Several CDs

If you have several CDs with one institution, is each one insured for $100,000?


No. Depending on how you hold them, you may have more than $100,000 coverage, but the general rule is $100,000 per deposit per right and capacity. This Q&A describes how easy it can be to get much more than $100,000 in insurance coverage for deposits in the same bank.

Published on BankingQuestions.com 10/02/08