FDIC insures up to $250K per account
FDIC insurance covers up to $250,000 per account, doubling to $500,000 for married couples with a joint account.
Snapshot · The Ramsey Show
The Decisions You Make Now Shape Your Success
Explore episode
Jul 20, 2026
Where this was said
Ask Ramsey: How to Pay Off $20K in Credit Card Debt
At 1:34:15 · chapter starts 1:31:50
Jackson from the Ramsey Baby Steps Facebook community asks a good-problem-to-have question: if FDIC covers only $250,000, where should you put the rest? George walks through the mechanics cleanly — $250,000 per account, doubling to $500,000 for married couples with a joint account. Different account types (individual, joint, business) each get their own $250K coverage within the same bank. Spreading across multiple FDIC-insured institutions is a straightforward backup. But George and Jade's real message: if you have that much cash sitting in savings, you should be asking why it's not invested.
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