Do you have savings or checking account balances in excess of $250,000? You may want to consider a depository bond. For 2013, the FDIC has continued its practice of providing account protection for balances to $250,000 (see the FDIC circular… Continue Reading →
A bank depository bond is a surety bond purchased by a bank to guarantee the safety of a depositor’s funds and their availability for withdrawal as indicated in the terms of the deposit agreement. While depository bonds can be procured… Continue Reading →
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