Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Landing Rock Increases FDIC Insurance Protection

To safeguard up to $5m of FDIC protection

Landing Rock, a provider of Insured Deposits Direct, has increased its insurance protection for all account types to $5m, doubling its previous coverage.

Frank Bonanno, director of marketing at Landing Rock, said: “Raising the FDIC insurance protection to $5 million is an important step in our overall product offering. As individuals’ savings rates continue to rise and businesses maintain a heightened demand for expanded levels of FDIC insurance, Insured Deposits Direct offers a convenient and logical solution to meet our customer needs head-on.”

Insured Deposits Direct enables all account types, including individuals, trusts, partnerships, UGMA/UTMA, and businesses to safeguard up to $5m of FDIC protection through one account while earning interest on all cash.

Mr Bonanno added: “Consumers now enjoy 20 times the FDIC protection available in a traditional bank account with the convenience of 100% daily liquidity through checks or debit card. This advancement truly distinguishes Landing Rock’s Insured Deposits Direct as the premier cash management solution.”