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You NW Iowa farmers borrowing too much money for land and
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reformedbanker
Posted 11/4/2023 11:24 (#10468515 - in reply to #10468305)
Subject: RE: You NW Iowa farmers borrowing too much money for land and


On a joint accounts the aggregate total FDIC insurance is $500k. You get an additional $250k in accounts titled as individual accounts. For accounts with PODs listed you get $250k per beneficiary up to 5 beneficiaries. Many ways to get really high coverage at one bank by being intentional about the way you title your accounts. I hope the best for you.

Any one else out there with very high balances, you can go in your bank on Monday and someone there should be able to help ensure you have accounts titled appropriately.
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