Does he not get some sort of statment? At least once a year? Also please check with your tax person/lawyer to find out what happens with only one name on the account. Even though we have our own accounts, we still have both names on the accounts. It just makes it easier.
Since I am retired banker, it always amazed me and was so sad when one person passed away and the funds were not released until much later. Especially with older people.

Marie--

The OP never said this was all their money. I read her post to mean that this was a small portion of it, in her husband's name. She never said, either, that it WASN'T a POD account.

My husband and I have some of our money in joint accounts, but generally, we each handle, invest, control our own money/accounts. There's more than enough joint money for the survivor to get buy, if needed. And our individual accounts are all POD--but were I describing something as the OP was, I, too, would state that it was 'my husband's' account.

OP--yes, I sure do remember (and miss) those days of 16% interest. I had some longterm CD's at those high rates that I KNOW the bank was just panting, waiting for me to cash in at the end--LOL! I am, though, a bit perplexed that he didn't get a statement--even at 1% interest (which is pretty much average at the banks I bank at, for an account of that size) he'd have made $60 last year. Has one of you checked on that money? to make sure it's still there? Or could he have used it and you didn't realize it?

Well, yes he gets a monthly statement. I'm on this account as payable on death. I worked for a probate lawyer for a couple decades so not totally in the dark as to what happens when people die. But I know lots of people are so you mentioning possible problems is appreciated.

I don't believe OP said DH didn't get a statement -- just
didn't get a 1099.

Sad, though, isn't it....I often think it is just as
safe, but a lot easier to just bury your savings in
your backyard with the lack of interest paid today. Save
gas money going to the bank. :)

There's no CA banks that I am aware of that pay 1%. Just deposited a check in my "national" bank (all of $15.), & they are only paying 0.50% on 2-year CDs. I also have a so-called savings account at a local "community bank" (three branches), & looking at my last statement, they're paying a whopping 0.10%. Not too impressed with credit unions either currently.

However, just thinking about it, I dropped off a check in the mail to purchase some more utility stock. At least they pay a 5% yearly dividend.

I don't like earning interest.

Google ad accompanying is, "Quick Cash Advance"!

(Exclamation point my editing).

o j