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Wow was I off base on that one. I'm sorry. I assumed that because multiple accounts at the same institution don't increase your insurance that having multiple accounts at multiple instutions wouldn't help either.

Getting myself corrected or clarified is one of the benefits of Fooldom. Sooo many twists and turns to finances that I love having a collective to tap.

Example in RE: FDIC
There's a quirk to FDIC that I've seen argued 3 ways - A couple can either hold up to $200K, $300K or $400K insured at a bank.
I've seen it debated that a joint account can be viewed a separate entity with it's own insurance. So then it extracts that this joint account is insured for either $100K, or $200K ($100K for each joint owner).

FWIW, my reading says it's $200K, $100K for each owner (with their retirement accts separately insured).
I can see a view where if each of their individual accts name the other person POD, than the individual accts would be a Totten Trust. This would then allow $400K held, $100K per Totten Trust and $200K for a jointly held acct. But it's a murky view for me, so I just stick to thinking in terms of "$100K per SSN".

Now that I've managed to hijack this thread...
...Here's wishing that everyone enjoyed a Happy New Year celebration!

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