Replies

Up to the FDIC’s $250k limit.

7 posted on 03/17/2023 3:25:18 PM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)

To: Carriage Hill

Up to the FDIC’s $250k limit.

Nope, FDIC, Treasury, and the Fed agreed to guarantee noninsured deposits.

18 posted on 03/17/2023 3:51:00 PM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)

To: Carriage Hill

Just created a FR account so hopefully I am replying correctly.
With regards to 250K FDIC/NCUA insured limit I have been reading about, the two credit unions (NCUA insured) and the one bank (FDIC insured) institution/accounts I have advised me that if you put an POD (Payment On Death) clause on your account you are insured another 250K for each dependent on the declaration. For me, since I have listed 3 dependents on the PODs of each institution, each of my account at each the institutions are insured for 1 million dollars (4 X 250K - myself and 3 dependents).
I don't think this is very widely known and just wanted to mention it. Note that if you do die, the POD supersedes (i.e., is paid out before) any will.
This is what I have been told. If anyone believes this to be false, please let me (and others) know.

47 posted on 03/17/2023 5:41:41 PM PDT by Goldwing2021 (250K Insurance Limit )

To: Carriage Hill

The FDIC - “We’ve upped our limit, now up yours!”

48 posted on 03/17/2023 5:42:31 PM PDT by dfwgator (Endut! Hoch Hech!)

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