I would like to know if you can also post a column if an account or CD can be held in a trust account? Right now that is not listed and I have to go to the individual bank website or call them to find out. Thank you for considering this additional criteria.


I am not sure putting a CD into a trust is wise in all cases. The FDIC insurance is a little different. I believe you can have more insurance outside the trust unless laws have changed. Speak with the bank, or better yet call FDIC or go to the site.
In the bank where I worked if the owner died the beneficiaries would present a death certificate and cashier checks would be typed up to the beneficiaries immediately. If one of the co-owners died a new owner could be added without breaking the CD so you could have the same FDIC insurance or if the owner wanted the CD could be cashed out without a penalty. Things may have changed.

For example I had to go to the Incredible Bank website to find my answer to the trust account question. This was in their FAQ section. It would be easier when you post the deals if it had already told me this.
Does Incrediblebank.com offer trust or custodial accounts?
At this time, Incrediblebank.com does not offer these accounts.

Are you sure they did not mean that they did not manage trust accounts. Usually only the larger banks have their own trust department. Anyone can have a formal or an informal trust. ITF just means in trust for and is not a formal trust. A formal trust is one that have done thru a lawyer. If you have this the CD would be titled "XXX XXX as trustee of the trust of XXX XXX dated 00-00-0000. An informal trust would only mean that you are leaving the money to the beneficiaries. The third kind is where you do not manage a formal trust and turn it over to the trust department and for a management fee they will invest the funds.