Sentences with phrase «coverage at traditional banks»
Just make sure the bank is FDIC insured, usually $ 250,000 in coverage at traditional banks.
https://thecollegeinvestor.com/ Not exact matches
For example, if the same banking customer has a certificate of deposit held within a traditional IRA with a value of $ 200,000 and a Roth IRA held in a savings account with a value of $ 100,000 at the same institution, the account holder has $ 50,000 of vulnerable assets without FDIC coverage.
Traditional lenders, including commercial banks and insurance companies, have become strict in their underwriting criteria, demanding recourse, high debt service coverage ratios and equity contributions of at least 35 percent.