Make Sure Your Money Is Safe. Here's What's Covered:
The FDIC covers cash and cash equivalents up to $100,000 per qualifying account. -- accounts like your CDs, money market accounts, and checking and savings accounts. Each name on the qualifying account is covered up to $100,000, so you can have multiple protected accounts at the same bank.
For example: An account in your name is covered up to $100,000, and an account in your husband's name is also covered up to $100,000. If you had a joint account with each of you contributing $100,000, the FDIC would cover $200,000 for that account.
What You Can Do Now
Don't let your concern turn into fear - there ARE steps you can take to protect yourself from the current economic mess. Read More.
Citigroup Bailed Out: Is Your Bank at Risk?
Don't become a victim of another bank failure. Learn the 5 warning signs your money could be at risk. Read More.
Watch Those Overdraft Fees!
Granted, it is so convenient being able to withdraw money from your account at any bank's ATM. But watch those fees! Daria Dolan tells you how to plan ahead to avoid unnecessary costs. Read More.
Alert: What the FDIC Doesn't Cover
If you keep a good amount of personal treasures in a safe-deposit box, make sure you know if you're insured. If it's located at a bank, don't rely on the FDIC. Make sure your homeowner or renters policy covers it. If not, consider a 'floater' policy. Read More.
What the Fannie and Freddie Takeover Really Means
The government is taking unprecedented steps to keep Fannie Mae and Freddie Mac from collapsing. Here's what you need to know. Read More.
Watch Out for Rising Bank Fees!
As more and more banks fail, it's more important than ever to protect your money. Here are the top banking secrets that could be costing you BIG. Read More.
The ABC's of FDIC Insurance
With the recent bank failures, the FDIC has taken center stage. So how exactly does this insurance protect your money? We break it down in simple terms.
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Your Top Money Questions - Answered!
Have you ever wondered:
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Child Savings AccountsWhen opening a savings account for your child, make sure their Social Security number is used as the account's tax identification number. That way, as long as your child is under age 14, interest earned will be taxed at your child's lower tax rate, not at your tax rate. This rule holds true as long as your child earns less than $1,800 a year in interest. |
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