Make Sure Your Cash Investments are FDIC Insured
Tuesday, August 5th, 2008 Here’s another excerpt from my recent appearance on the Frank Pastore Show on KKLA 99.5, giving some important investment tips:
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When an FDIC-insured bank or saving association fails, like IndyMac, the FDIC protects you against the loss of your deposits. Most people think that they can have 100K in a husband’s name, 100K in a wife’s name, and 200K jointly. But you can’t, the basic insurance amount is 100K per depositor per insured bank.
