Quote:
Originally Posted by Villages Kahuna
Use only a FDIC insured bank.
Keep your total deposits less than $250,000.
If you need to use two banks, or even three, do so. I can’t think of a bank in The Villages that’s not FDIC insured.
Do those things and you have nothing to worry about other than your own investment decisions.
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Smart thinking. A woman I worked with back in the 70s got an extra two percent on her CDs at an uninsured bank in Kansas. They went belly up in ‘77, she lost all her savings.