Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
With Indy mac failing, it is wake up time folks. The most amazing part of this story is that despite it being obvious for months this bank would fail, over 10,000 of their customers had above the $100,000 FDIC insured amount in their accounts. Those people are screwed. Above is the link to the national site that will provide quarterly financials to most all banks and credit unions nation wide. It provides a simple star rating system and is recognized as being highly accurate. I suggest checking your bank's ratings. Notice that Indy Mac had a ZERO star rating since March!!!!!! Yet all these people kept above $100,000 on deposit? Crazy, stuff.
Oh, and be sure and tell us your bank and how they rated after you look it up. Anything below 3 stars I would suggest keeping a close eye on. Anything below two stars, I would suggest banking elsewhere, quickly!
So, if I have less than $100,000 USD in the bank, then I am good, right? I checked on U.S. Bank, but there were 2 matches so I didn't which one is mine, but one was 3 and a half stars and the other was 4 stars!
Thanks, very interesting the only thing is that I couldn't find Bank of America...should I try a different way?
Is it $ 100,000 per CD per name, or what if you have more than one in 2 names? Do you only get insured per person or per account?
Can anyone tell me? I know BoA is FDIC, so that should be okay only the amounts....
The way I understand it is you are insured up to 100,000 at each bank that you have an account regardless of the amount of accounts. I have never seen a bank that wasn't FDIC insured, but I guess there has to be something out there.
Thanks, very interesting the only thing is that I couldn't find Bank of America...should I try a different way?
Is it $ 100,000 per CD per name, or what if you have more than one in 2 names? Do you only get insured per person or per account?
Can anyone tell me? I know BoA is FDIC, so that should be okay only the amounts....
It's per account holder so if you have 3 accounts your total FDIC insurance is $100K for all three, not $100K for each one.
Yet all these people kept above $100,000 on deposit? Crazy, stuff.
Yeah IndyMac had $500 million in uninsured deposits. What rock have these people been living under? There have been rumors about IndyMac for months now.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.