Scholars Corner: IS YOUR MONEY SAFE IN BANKS?

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.8 • 7.8K Ratings

🗓️ 5 April 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I'm this Scholars Corner we discuss, Who is really protecting your money when you put it in the bank, and how much does the FDIC actually cover? Who would cover your brokerage account if your broker goes under?

#earnyourleisure #fdic #banks

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0	You don't need special gadgets to be a hero.
0:03.9	With unlimited 1.5% cashback on every purchase, everywhere, the Capital One Quick Silver
0:08.6	card makes you the hero of every purchase.
0:11.4	Whether it's headphones, a lounge chair, or even a well-deserved massage, whatever the
0:15.4	Quick Silver purchase, you're the hero.
0:17.9	No fighting bad guys, getting an epic card chases, or parachuting out of buildings required.
0:23.1	Simple isn't it?
0:24.3	Capital One Quick Silver card.
0:26.3	What's in your wallet?
0:27.8	And supply, see Capital One dot com for details.
0:32.2	Who's really protecting your money, right?
0:33.6	The FDIC.
0:34.9	What is that even really in pot?
0:38.0	What is that?
0:39.0	And then it's like the limit is 250.
0:41.9	There's been talks that they could potentially raise the limit higher.
0:47.6	What about the limits for investing?
0:50.0	That's the SIPC.
0:52.3	Is that the same?
0:53.3	Will that be raised?
0:54.8	Can you just make sense of the protection aspect of it from an investing and banking side?
1:01.0	Yeah, and we're getting this question every single day on invested media, as you can imagine,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from EYL Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of EYL Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.