Financially Secure Banks

mxjeff
Fri, 18 Jul 2008 10:09:30 +0000

Focus on proper account structure. The important element is structure for non-corporate accounts. A family of 4 can get over $1 million in FDIC insurance at one bank if structured properly. Speak to the operations officer and not a teller. Ask them about POD (payable on death) accounts.

When a bank fails, and your are properly insured with FDIC insurance, you have no worries.