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Competitive rates without risk is an important reason to bank
at TCF Bank.
Deposits are federally insured up to $100,000 and backed by the
full faith and credit of the United States government. There is
no cost to you for this insurance.
Savings dollars are invested by TCF in many ways. As one of the
Midwest's largest home mortgage lenders, the largest portion of
these dollars is invested in select first mortgage loans, mostly
on residential homes. That means your savings are protected by the
soundest kind of security: The family home. TCF also maintains important
investments in government bonds and other securities guaranteed
by the United States government.
TCF Bank has years of experience, dating back to 1923, and is a
subsidiary of TCF Financial Corporation which has $14.2 billion in
assets. By setting up a series of individual accounts, joint accounts
and revocable trust accounts, you can have insured deposits totaling
much more than $100,000.
EXAMPLE
A husband, wife and two children may have insured accounts totaling
$1,400,000.
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Individual Accounts: |
|
|
|
Husband |
$100,000 |
|
|
Wife |
$100,000 |
|
|
Child #1 |
$100,000 |
|
|
Child #2 |
$100,000 |
|
|
Joint Accounts: |
|
|
|
Husband and Wife |
$100,000 |
|
|
Husband and Child (#1) |
$100,000 |
|
|
Wife and Child (#2) |
$100,000 |
|
|
Child #1 & Child #2 |
$100,000 |
|
|
Revocable Trust Accounts: |
|
|
|
Husband as Trustee for Wife |
$100,000 |
|
|
Husband as Trustee for Child #1 |
$100,000 |
|
|
Husband as Trustee for Child #2 |
$100,000 |
|
|
Wife as Trustee for Husband |
$100,000 |
|
|
Wife as Trustee for Child #1 |
$100,000 |
|
|
Wife as Trustee for Child #2 |
$100,000 |
|
|
TOTAL |
$1,400,000 |
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The same grouping of insured deposits can be arranged for a grandfather,
grandmother and two grandchildren, instead of a husband, wife and
two children. Our Sales and Service Representatives will gladly
explain how you can increase your insurance protection through multiple
ownership of accounts. For a review of your accounts, contact
us. |
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