The FDIC final regulations will, as of April 1, 2024, change how bank accounts held in the name of a trust will be insured. This rule change treats both revocable and irrevocable trust the same ...

As described in our previous client memo in May 2022, the FDIC is amending its regulations governing deposit insurance to merge the revocable and irrevocable trust deposit insurance categories ...

The Federal Deposit Insurance Corporation (FDIC) said in a statement late Sunday it had agreed that First-Citizens Bank & Trust Company would buy all of SVB’s deposits and loans that regulators ...

Trust account assets, unlike bank accounts (including demand deposit accounts, money market deposit accounts, savings accounts and certificates of deposit), are not comingled with bank assets.

Big banks like Chase and Bank of America are giant, global institutions that have integrated their services into every aspect ...

Also, FDIC-insured bank accounts with ownership titled to a revocable living trust, if appropriately established, are FDIC insured for $250,000 per beneficiary of the trust.

You might want to consider an Enterprise Bank & Trust Enterprise Bank & Trust CD if you don't have a lot of money for an initial deposit. You only need $500 to open a CD, which is pretty low ...