I know you work hard for your money! A lot of people have lots of questions about the safety of their money in their bank accounts, what with all the bank failures and economy problems. But, I do want to reassure you. For the most part, the small banks are a great place to be. They did not participate in the questionable loans and are probably excited to work with you in their loan departments. Plus, in your deposit accounts (checking, savings, money markets, CD's, NOW accts) as long as you have under $250,000 you are insured by the FDIC. (As long as your bank is a member of the FDIC, it should be on all of their ads and on front of the doors and their teller windows.) If you have more than 250,000 in one bank, there are definitely ways to get additional coverage. If you have any questions, let me know. I'd be glad to help or you can check out this website:
That's right. You come to this blog not only for all the witty commentary, but the unending fountain of knowledge.