Joint Ownership Of Brokered CD's

Capper | Nov 8, 2022 | 50 posts since 2018

I have a Merrill Lynch brokerage account that is a joint account with my spouse. If I buy brokered CD's in the account, will they be jointly owned CD's as well? I want them to be jointly owned to get the maximum FDIC coverage.

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Answers

sams1985 | Nov 9, 2022 | 781 posts since 2022

Yes, you'll get 500k worth of FDIC coverage. I confirmed this via my Fidelity rep and on the FDIC website itself.

Capper | Nov 9, 2022 | 50 posts since 2018

Thank you.

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