LPL Insured Cash Account Program – FDIC insurance up to $2 million for joint account holders
With the recent financial debacle, you may be asking “Is my “safe” money safe?” Where do you save or invest money for liquidity and security? Many people would reply they use savings accounts, money market accounts and certificate of deposit (CDs) for these purposes. But is the money truly safe?
In the past couple years we have seen financial insolvency (i.e. failure) in some firms and major headline stories of recognizable financial firms suffering. What happens if you have money at a place that fails? One of the most important aspects to evaluate is whether your money has FDIC (Federal Deposit Insurance Corporation) coverage. Generally FDIC coverage only protects you up to $100,000 in any one bank or $200,000 for a joint account. Learn more about FDIC at:
The LPL Insured Cash Account Program offers you a high level of FDIC insurance coverage by spreading your cash deposits over a network of well-capitalized banks (FDIC insurance up to $1 million for single account holders and $2 million for joint account holders). Let us know if we can assist you with your money. Attached is more information about the Insured Cash Account.
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult me prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.
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