FDIC Information

  |     |   65 posts since 2020

Maybe this should be on a different forum. I just want to post what I just read on a .gov site about new rules for FDIC coverage.


Not me, but for those of you with both revocable and irrevocable trusts, and more than (forgot, but it was like 1,650,000 dollars, I don't quite remember), be SURE and read this. I want you to be safe and FDIC insured if you think you are.

Actually, I remember a time, within the last 10 years I guess, when the FDIC coverage rules caused me to move money into more places. And I learned about that rule change by pure accident.

I found this when I was trying to figure out if my Schwab "sweep" trust brokerage account was FDIC covered. I ended up calling Schwab, and a fellow there told me the sweep account in the trust is covered.

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