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Each individual account for Ten Grand may have just gone up However If you had that much Cash you wouldnt leave it in a Bank account with low intrest Ira's Cd's etc are all insured also 10 grand per account not per person
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But remember FDIC is just to give people confidence in savings instituition to avoid a replay of the Runs on Bank during 1929 Depression. A couple banks could fail and that would be ok but if they all did the money FDIC would pay you would be wothless anyway So Not to worry Then Firearms and property would be the thing to have
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The first $100,000 is insured free to the account holder. Larger accounts are charged a fee to insure the entire amount. I believe it is still $2 per $100,000 monthly and multi-millions dollar account can be insure through Lords of London for a nonimal fee per million.
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I've noticed Ameritrade insures up to $25mil. If I win the lotto or hit a lotto Stock, that's where mine will be. Just like a Bank. Pays interest, you can write checks, ect ect. MOST online brokers do the same.:-)
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