Talk of The Villages Florida - View Single Post - Anybody concerned about the security of their bank/brokerage accounts?
Thread: Anybody concerned about the security of their bank/brokerage accounts?
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Old 03-27-2023, 07:21 AM
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dewilson58 dewilson58 is offline
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Quote:
Originally Posted by OrangeBlossomBaby View Post
But I am considering opening a Citizens First account to deposit my social security checks when they start coming in July so - should I just stick with Bank of America?

The question is.................assuming you spend ZERO of your SS check, how long will it take for you to reach $250,000 and be over the FDIC limit??

10 years????, then open a joint account and you can go 20 years.

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