Market Pulse: The Fed Held Rates. Your Savings Account Can Still Pay You Real Money. Here Is the Math. (2026-08-01)

Location: Market Pulse: The Fed Held Rates. Your Savings Account Can Still Pay You Real Money. Here Is the Math.

What was wrong: The FDIC deposit-insurance sentence cited https://www.fdic.gov/resources/deposit-insurance/, which states only "$250,000 at each FDIC-insured bank."

What it now says: The same sentence now cites https://www.fdic.gov/resources/deposit-insurance/understanding-deposit-insurance/, which states "FDIC deposit insurance covers $250,000 per depositor, per FDIC-insured bank, for each account ownership category." The sentence itself and the $250,000 figure are unchanged.

Why it was wrong and how it was caught: 2026-08-01. high-yield-savings-real-math-august-2026. The FDIC deposit-insurance sentence states coverage "up to $250,000 per depositor, per insured bank, per ownership category." The $250,000 amount and per-bank coverage are correct and confirmed at the issuer, but the source URL originally cited states only "$250,000 at each FDIC-insured bank" and does not carry the full per-depositor/per-ownership-category formulation. Citation corrected to the FDIC deposit-insurance coverage page that states all three elements. No figure changed; source precision only.

Primary source: FDIC, Understanding Deposit Insurance (https://www.fdic.gov/resources/deposit-insurance/understanding-deposit-insurance/)