We know that FDIC is insured up to $100,000 per account. So, let’s say I put $100,000 into a bank and in the mean time it is accure interest. What happen when the bank fall? My guess is that I am only getting $100,000 principal back and lose all the interest. Am I correct? Is there other way to remedy this problem?
The amount insured is $100,000, times the number of owners of the account, times the number of people to whom the account is “payable on death” (if greater than one).
Say you have a wife and three kids, you open a joint account with your wife and make the account POD to each one of your kids. It will be insured for $600,000 ($100,000 * 2 * 3).
The amount insured is $100,000, times the number of owners of the account, times the number of people to whom the account is “payable on death” (if greater than one).
Say you have a wife and three kids, you open a joint account with your wife and make the account POD to each one of your kids. It will be insured for $600,000 ($100,000 * 2 * 3).
The amount insured is $100,000, times the number of owners of the account, times the number of people to whom the account is “payable on death” (if greater than one).
Say you have a wife and three kids, you open a joint account with your wife and make the account POD to each one of your kids. It will be insured for $600,000 ($100,000 * 2 * 3).
The amount insured is $100,000, times the number of owners of the account, times the number of people to whom the account is “payable on death” (if greater than one).
Say you have a wife and three kids, you open a joint account with your wife and make the account POD to each one of your kids. It will be insured for $600,000 ($100,000 * 2 * 3).
The amount insured is $100,000, times the number of owners of the account, times the number of people to whom the account is “payable on death” (if greater than one).
Say you have a wife and three kids, you open a joint account with your wife and make the account POD to each one of your kids. It will be insured for $600,000 ($100,000 * 2 * 3).
I'd recommend you read up on the rules. The $100k insured is for individuals. There's other limits for joint accounts and for accounts under a living trust.
I'd recommend you read up on the rules. The $100k insured is for individuals. There's other limits for joint accounts and for accounts under a living trust.
I'd recommend you read up on the rules. The $100k insured is for individuals. There's other limits for joint accounts and for accounts under a living trust.
I'd recommend you read up on the rules. The $100k insured is for individuals. There's other limits for joint accounts and for accounts under a living trust.
