MoneyRates Blog
FDIC Insurance on Trust Accounts
August 29, 2007
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
A common question recently addressed to The Savings Investor concerns maintaining over $100,000 insurance at any one bank. While there have only been a handful of bank failures since 2002, the ongoing mortgage lending industry debacle has made this an important consideration. The easy answer is never maintain more than a penny over $100,000 [...]
Posted in $100| 000 insured| FDIC bank| FDIC insurance| bank failures| joint account| revocable trust accounts| trust accounts | 2 Comments
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