Ep 65: How Account Titling Affects Your FDIC Insurance Coverage

In this episode of Five-minute Finance, host Larry Mengerink dives into the topic of FDIC insurance and how account titling can affect your deposit coverage. Did you know that different types of bank accounts and account ownership can impact how much FDIC insurance coverage you receive? Larry breaks down the different account types, including single accounts, joint accounts, revocable trust accounts, irrevocable trust accounts, and employee benefit plan accounts. He also explains how beneficiaries and account titling can impact coverage limits, and discusses important details about deposit protection, financial stability, and the role of the Federal Deposit Insurance Corporation. Whether you’re a seasoned investor or just starting out, this episode is a must-watch for anyone interested in managing their finances wisely. Join us for Five-minute Finance and stay informed about all the latest financial news and tips!