How much insurance is provided by the FDIC?
Up until recently The FDIC insured each depositor for up to $100,000, and up to $250,000 for certain retirement accounts. This has changed effective on October 3rd, 2008. The FDIC Deposit Insurance Coverage Increase became effective when President Bush signed the Economic Stabilization Bill on October 3rd. As part of the Bill the FDIC temporarily increased the insurance coverage on deposits from $100,000 to $250,000 per depositor through December 31, 2009. Since the FDIC was established, no depositor has ever lost a single penny of FDIC insured funds. You may be eligible for additional coverage depending on the ownership status of your accounts. For a personalized estimate of your FDIC insurance coverage, please use the FDIC’s Electronic Deposit Insurance Estimator at http://www.fdic.gov/edie. Here is a breakdown of the new higher coverage limits. Basic FDIC Deposit Insurance Coverage Limits* Single Accounts (owned by one person) $250,000 per owner** Joint Accounts (two or more persons
Up until recently The FDIC insured each depositor for up to $100,000, and up to $250,000 for certain retirement accounts. This has changed effective on October 3rd, 2008. The FDIC Deposit Insurance Coverage Increase became effective when President Bush signed the Economic Stabilization Bill on October 3rd. As part of the Bill the FDIC temporarily increased the insurance coverage on deposits from $100,000 to $250,000 per depositor through December 31, 2013. Since the FDIC was established, no depositor has ever lost a single penny of FDIC insured funds. You may be eligible for additional coverage depending on the ownership status of your accounts. For a personalized estimate of your FDIC insurance coverage, please use the FDIC’s Electronic Deposit Insurance Estimator at http://www.fdic.gov/edie. Here is a breakdown of the new higher coverage limits. Basic FDIC Deposit Insurance Coverage Limits* Single Accounts (owned by one person) $250,000 per owner** Joint Accounts (two or more persons
