Are Your Accounts Insured?

Are all your accounts FDIC insured? Assuming you have under 100K per bank in your account, you are probably fine. There are execeptions to this like having a joint account or a FBO (for berarer on death) account. With the housing crisis and credit crunch a few more banks have gone under. So having the FDIC insurance is the best way to protect your assets.

And even if you don’t think your bank is going to go under, here is a another good example of why you should be insured:

Tornadoes don’t care whether or not your accounts are insured or whether your bank is structurally sound for that matter!!

Bank Failures Expected to GrowAccording to the FDIC, they are expecting in the upwards of 100 or more bank failures in the next 2 years....

High Yield Checking AccountsIn hopes of getting people to add more money in their accounts, you are seeing an increasing trend of local...

Century Bank 4.01% Money MarketCentury Bank Direct has a new 4.01% Money Market Account. There is a $1000 balance required to open the account,...