Wednesday, September 17, 2008

FDIC and the average Jane

The news that we have been bombarded has not been pleasant. But don't let this rile you...take action to protect yourself, your home and your assets.

I called a couple of banks and investment firms to see how they would respond to questions regarding the safeguarding of hard earned money. The banks were FDIC insured for up to $100,000 and the investment firm is insured by FTIC up to $500K.

I asked if something were to happen, how would got my money and how long would it take? I was referered to the following website: http://www.fdic.gov/deposit/deposits/index.html

You might find it interesting reading.

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