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New2grammar Posted 18 years ago
Grammar
every dollar over the limit
Even though your savings are guaranteed by the FDIC, there's a cap on it and it's only one hundred grand. What you want to do is structure your savings differently. Make sure no more than 100 thousands on your name or every dollar over the limit is only 50 percent insured.
Are there any mistakes?
Thanks.
Are there any mistakes?
Thanks.
Top answer
Even though your savings are guaranteed by the FDIC, there's a cap of only one hundred grand on it. What you want to do is structure your savings differently. Make sure that no more than 100 thousand is in your name or that every dollar over the limit is only [ ?
- Even though your savings are guaranteed by the FDIC, there's a cap of only one hundred grand on it.
- What you want to do is structure your savings differently.
- Make sure that no more than 100 thousand is in your name or that every dollar over the limit is only [ ?
- Doesn't make sense, but I don't know the FDIC rule.
- 'At least 50%'?
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6 Answers
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Even though your savings are guaranteed by the FDIC, there's a cap of only one hundred grand on it. What you want to do is structure your savings differently. Make sure that no more than 100 thousand is in your name or that every dollar over the limit is only [? Doesn't make sense, but I don't know the FDIC rule. 'At least 50%'? Why not '100%'?
Even though your savings are guaranteed by the FDIC, there's a cap of only one hundred grand on it. What you want to do is structure your savings differently. Make sure that no more than 100 thousand is in your name or that every dollar over the limit is only [? Doesn't make sense, but I don't know the FDIC rule. 'At least 50%'? Why not '100%'?
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Mister Micawber[? Doesn't make sense, but I don't know the FDIC rule. 'At least 50%'? Why not '100%'?] 50 percent insured.Apparently, anything over 100,000 is only 50 percent insured, meaning if you have 200,000 and the bank goes out of business, you'll only get 150,000 back if the bank is FDIC insured.
Thank you, MM for the corr
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Ah, I see. I have never been concerned about such sums, personally.
Then delete 'only':
or that every dollar over the limit is 50 percent insured.
Ah, I see. I have never been concerned about such sums, personally.
Then delete 'only':
or that every dollar over the limit is 50 percent insured.
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Thanks, MM. One last question, could you help me understand why only is not right?
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'Only' has a negative imputation, which is not what is intended-- it would be nice to ensure the money for more!
'Only' has a negative imputation, which is not what is intended-- it would be nice to ensure the money for more!
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