Federal Deposit Insurance Corporation coverage protects your money at an insured bank up to $250,000 per depositor, per bank, per ownership category. That phrase is the one most people miss, and it is ...

As described in our previous client memo in May 2022, the FDIC is amending its regulations governing deposit insurance to merge the revocable and irrevocable trust deposit insurance categories into ...

The news of the closure of three banks in 2023 has sent shockwaves across the financial world. As customers of these banks scramble to secure their savings and investments, it is helpful to remember ...

Coverage that applies to accounts for informal and formal revocable trusts is based only on the number of beneficiaries and does not include the owners (who, in the eyes of the FDIC, could establish ...

If the beaten-down stock market has got you seeking a haven for your cash, there's some good news. The financial-system bailout legislation enacted last month boosted limits on federal insurance for ...

The per depositor, per bank, per ownership category rule lets a married couple insure $1 million at one bank using just three accounts. Naming five beneficiaries on a revocable trust account pushes ...