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Category Archives: Business
8 Types of Deposits Covered By FDIC Insurance in Banks – Part 2
Revocable Trust Accounts A revocable trust account is a deposit owned by one or more people that indicates an intention that the deposits will belong to one or more named beneficiaries upon the death of the owner(s). A revocable trust … Continue reading
Posted in Business, Financial Strategies
Tagged Beneficiaries, Beneficiary, Cousins, Death Pod, Family Trusts, Fdic Insurance, Grandchildren, Grantor, Insurance Purposes, Owner Signs, Payable On Death, Revocable Trust, Revocable Trusts, Settlor, Sibling, Signature Card, Totten Trust, Trust Account, Trust Relationship, Trustor
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8 Types of Deposits Covered By FDIC Insurance in Banks
Single Accounts A single account is a deposit owned by one person. The following deposit account types are included in this ownership category: Accounts held in one person’s name alone Accounts established for one person by an agent, nominee, guardian, … Continue reading
Posted in Business, Financial Strategies
Tagged 401 K Plans, Decedent, Deferred Compensation Plan, Deposit Accounts, Escrow Accounts, Fdic Insurance, Follo, Joint Accounts, Keogh Plan, Money Purchase Plans, Ownership Category, Retirement Account, Retirement Accounts, Retirement Plan, Roth Iras, Self Directed 401 K, Simplified Employee Pension, Sole Proprietorship, State And Local Governments, Traditional Iras, Uniform Transfers To Minors Act
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What Does FDIC Deposit Insurance Cover?
We all remember the “run” on the savings and loan in the movie “It’s a Wonderful Life“. This is basically what happened that forced the Feds to take over WAMU. Washington Mutual, which was bought by JP Morgan after being … Continue reading
Posted in Business, Financial Strategies
Tagged Accrued Interest, Certificates Of Deposit, Deposit Accounts, Depositor, Fdic Deposit Insurance, Fdic Insurance, Insurance Annuities, Jp Morgan, Lehman Brothers, Life Insurance Policies, Money Market, Munic, Nose Dive, Office Of Thrift Supervision, Option Arm Mortgages, Secu, Stocks Bonds, Time Deposits, Wachovia, Wamu, Washington Mutual
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