Finance Dave
Thinks s/he gets paid by the post
- Joined
- Mar 29, 2007
- Messages
- 1,884
Assume I'm a single person for this issue.
Let's say I have $250k worth of JP Morgan CDs in my Fidelity account, which is covered under FDIC rules.
What if I also buy $50k worth of JP Morgan CDs through my bank's offerings? Would that be a different "ownership category" according to FDIC rules, and therefore I'd still be covered in total if JP Morgan failed?
Or, since those investments are all in the same bank (JP Morgan), would they be added across my various accounts (retirement and banking) and therefore I'd not be covered for the $50k overage?
Let's say I have $250k worth of JP Morgan CDs in my Fidelity account, which is covered under FDIC rules.
What if I also buy $50k worth of JP Morgan CDs through my bank's offerings? Would that be a different "ownership category" according to FDIC rules, and therefore I'd still be covered in total if JP Morgan failed?
Or, since those investments are all in the same bank (JP Morgan), would they be added across my various accounts (retirement and banking) and therefore I'd not be covered for the $50k overage?