Tag: depositors

The FDIC change that leaves wealthy bank depositors with less protection

Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. New rules implemented last month capped what the Federal Deposit Insurance Corporation (FDIC) will insure in a trust account at $1.25 million. Before, there was no limit on trust accounts, which are legal arrangements that ensure an individual’s […]