On Oct 1, 1:23 am, "Robert11" <r...@n...com> wrote:
> Hello,
>
> Believe I have a basic understanding as to what the FDIC covers re CD's in a
> savings bank.  Frankly, never thought too much about it, but with all the
> bank problems, etc., thought I'd do a little worrying now.
>
> Surprisingly, the bank mgr's I spoke to about this, weren't all that sure
> either.
> Doesn't inspire confidence.
>
> So, let me please ask here.
> Sure do appreciate the fine answers and help I've received in the past.
> A bit rough when you are in your 70's to fully understand all the nuances of
> this.
>
> Let's say a husband and wife have several Joint CD's in a savings bank
> totaling 200K
> My understanding is that it all (the 200K total) would be fully FDIC fully
> insured.
> Correct ?
>
> In addition, the husband alone has a traditional IRA as a CD in the same
> bank for
> 150 K.
>
> Is this IRA CD, and the other 200K total CD's ALL FDIC insured ?
>
> I guess I'm asking if the IRA CD insurance is handled differently, and
> carries its own (additional) insurance ?
>
> Much thanks,
> Bob
>


Try the FDIC insurance calculator: http://www.fdic.gov/edie/

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