The FDIC insurance limit applies to your accounts automatically, so long as your bank is FDIC insured. There’s nothing special you need to do to qualify for it. But what if you have amounts in excess of the limit in your accounts? Are there banks that insure millions? In this article we discuss some ways you can insure excess deposits above the FDIC limits.
After beginning the year on a strong note equity and bond prices fell during February as strong economic data quashed hopes of a rapid Fed pivot. Ten-year U.S. Treasury yields leapt 42 basis points to 3.92% in February following a strong January payroll report of 517,000 additions, far above the highest economist estimate. The February Market Commentary will help explain what is going on.