Comments on: Protect Yourself and Your Money Against Bank Failures

By: Marcus

Marcus — Wed, 17 Dec 2008 17:58:17 +0000

Great resource Chris, I checked out Venture Bank Direct and have been happy so far. They added an online checking account which is a big plus for me. Makes for easy access.

By: chris

chris — Tue, 25 Nov 2008 00:52:18 +0000

The FDIC has temporarily increased its coverage until 12/31/09.

FDIC insures up to $250,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts, your total deposits can be insured up to $500,000; that’s up to $250,000 in all your individual accounts and up to an additional $250,000 in your joint accounts.

Source: http://venturebankdirect.com/faqs.php

By: How Will Bank Failures Affect You? | Credit and Personal Finance Blog | Credit Karma

Tue, 21 Oct 2008 11:05:32 +0000

[...] for a bailout and the continuing bad news about the economy, many consumers are left wondering just how these bank failures and other events will affect them personally. While there is no one answer, this is a time for caution, but not panic. The vast majority of [...]

By: Rob

Rob — Sun, 12 Oct 2008 08:36:13 +0000

An account owned by one or more people with an intention that the deposits will belong to one or more beneficiaries upon the death of the owner(s). Revocable trust accounts include Payable-on-Death (POD) Accounts and Living/Family Trust Accounts. There are certain conditions for these types of accounts to be met, but generally each beneficiary is insured up to $100,000.

By: Washington Mutual’s Failure Hurts Some Mutual Fund Investors

Washington Mutual’s Failure Hurts Some Mutual Fund Investors — Mon, 29 Sep 2008 14:03:51 +0000

[...] deposits back ($100,000 for single accounts and $200,000 for joint accounts, more details on how to protect against bank failure), investors who own WaMu stock won’t be as lucky because the stock is worthless now and the [...]

By: Keep My Money Safe and Let It Grow

Keep My Money Safe and Let It Grow — Mon, 22 Sep 2008 18:06:48 +0000

[...] This is, and has always been, our first choice for safety, liquidity, and returns for cash that we don’t want to invest. Though the number of banks that failed this year has increased a lot, we are not terribly worried about our banks and the majority who responded to my poll after the collapse of IndyMac shared the same view (more than 71% respondents said they are not concerned). As long as my banks are FDIC insured, which they all are, we are not going to lose a penny (within the limit of course), even if the bank fails (check out how to protect your money against bank failure). [...]

By: Diane

Diane — Wed, 06 Aug 2008 18:22:11 +0000

Did you know you can invest in real estate inside your IRA or Solo 401(k) just as you can traditional assets?

Millennium Trust Company (http://www.mtrustcompany.com/services/ira/real.asp) located in Oak Brook, IL, custodies real estate in self directed IRAs and solo 401(k)s. They can walk you thru the process. Try contacting Sandra Reese at sreese@mtrustcompany.com for more info.

By: Family Trust » Blog Archive » Protect Yourself and Your Money Against Bank Failures

Tue, 05 Aug 2008 06:34:34 +0000

[...] post by Sun Comments [...]