Sentences with phrase «different ownership categories»
A lesser - known way to extend the insurance protection is to have multiple accounts at the same bank but with different ownership categories.
http://www.aaii.com/
Indeed, the FDIC website provides an example of a married couple with $ 3,000,000 in fully insured deposits in different ownership categories at the same bank.
However, if you deposit money into different ownership categories — such as single and joint accounts — your deposits in each category are insured separately.
The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.
Not exact matches
Public charter schools, transit access, and violent crime rates Elementary school neighborhoods with the highest public charter school participation rates are statistically different in all categories aside from home ownership and population change, which is aligned with differences in characteristics for neighborhoods with high and low boundary participation.
For more information about FDIC coverage and different FDIC - defined ownership categories, visit the FDIC website.
Both are fully insured, because their ownership categories are different.
The FDIC provides separate coverage for deposits held in different account ownership categories.
The FDIC refers to these different categories as ownership categories.
Deposit Insurance Coverage Overview: The FDIC recognizes different types of ownership categories that qualify for insurance coverage.