Two things. Here is the website:
First... They say they're offering 2% on online savings right now.. which is the highest I've seen, but does this look legit?
It does say FDIC insured up to $100,000
Secondly, the application requires that I choose one of these options:
POD - Payable On Death
ATF - As Trustee For
ITF - In Trust For
And then it asks for the beneficiary.
What do these options mean, and which one should I choose if I want my mom to be able to acquire the money if something should happen to me? Whether death, or otherwise?
Thanks.
First... They say they're offering 2% on online savings right now.. which is the highest I've seen, but does this look legit?
It does say FDIC insured up to $100,000
Secondly, the application requires that I choose one of these options:
POD - Payable On Death
ATF - As Trustee For
ITF - In Trust For
And then it asks for the beneficiary.
What do these options mean, and which one should I choose if I want my mom to be able to acquire the money if something should happen to me? Whether death, or otherwise?
Thanks.
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