FDIC question.
TNDemo
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Mon Oct-06-08 05:19 PM
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I am assuming checking and savings accounts are both insured at an FDIC insured bank. Does it matter if the account is in the name of a business or individual?
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| napi21
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Mon Oct-06-08 05:24 PM
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| 1. No, The S&L's are insured by FSLIC but AFAIK they cover the same |
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kind of deposits. What I would check though is since the Feds increased the limits of the FDIC insurance, did they do the same with the FSLIC ones? I honestly haven't heard.
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