How to Get More From “Bank FDIC Insured”
October 9th, 2008 • Related • Filed Under
You’ve probably heard that congress has just increased FDIC coverage on bank deposits from $100 thousand to $250 thousand dollars.
I just found out how my spouse and I can increase our FDIC insurance coverage from $250 thousand to as high as $1 million dollars.
Not that we need it, but for you lucky folks out there who do, here’s how it works, direct from ING:
You don’t actually need to be married, to do this. And if you go to another bank, you can do it all over again, and the money in both banks is totally insured.
This economic skid has got me thinking about things I never really thought much about. One of those things is how important it is to have my money in an “FDIC Insured” bank.
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