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FDIC Certificate Number 57053 Form

FDIC Certificate Number 57053 Form

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with interest rates spiking up here in 2022 people are all of a sudden interested in good old-fashioned CDs again today I just want to talk about how utilizing brokered CDs can be one of the most efficient ways to get FDIC coverage beyond the standard 250 000 stick around most individuals are familiar with the standard 250 000 of FDIC coverage however it's important to recognize that this is per bank and per ownership category in other words there are ways to increase the amount of total FDIC coverage you have so classically let's say for example you had a million dollars that you wanted to utilize to purchase CDs well in one of the simple approaches you could go to four separate Banks and buy four individual CDs for 250 000 each all would be covered but just practically speaking it's a bit cumbersome because now you have four individual Accounts at four separate Banks wouldn't it be nice if you could do this all inside of one account well with brokered CDs you actually can now if you'

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