The Motley Fool Discussion Boards

Previous Page

Financial Products & Services / Online Banking

URL:  https://boards.fool.com/fdic-insurance-25024511.aspx

Subject:  FDIC Insurance Date:  1/10/2007  6:52 PM
Author:  SirTas Number:  22194 of 24368

DW and I have over 100K in cash that we need to preserve. If FDIC insurance only covers up to 100K, what possibilities do we have?

--Deposit the money in two different banks?
--Will a joint account mean that we are really insured for 200,000? (Does it matter whose name comes first? For example, DW has suggested that it might work to have two joint accounts at the same bank, but one lists her name first and one lists my name first.)
--Other possibilities?

Thanks.

--SirTas
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us