I hope pReddit had all of their money deposited in Silicon Valley Bank. - Kotaku In Action 2 - The Official Gamergate Forum

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I hope pReddit had all of their money deposited in Silicon Valley Bank.

posted 1 year ago by auroch 1 year ago by auroch +31 / -1

That's the post.

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– lapalapa 2 points 1 year ago +2 / -0

Aren't bank deposits insured these days?

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– PooperSnooperPrime 1 point 1 year ago +1 / -0

https://www.rbcwealthmanagement.com/en-us/legal/rbc-insured-deposits

I don't understand this Insured Deposits program, and ho it is different from the $250k insurance I had always understood, but they state the FDIC covers up to $5 million of a deposit. Probably for a 401k or some investment thing, rather than banking. But here the FDIC is insuring a whole lot more.

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