FDIC limit now $250K?

Toonces · Oct 3, 2008

That's part of the bailout bill, correct?

Bob111 · Oct 6, 2008

FDIC Limits Increased

The Emergency Economic Stabilization Act temporarily increased the basic limit on deposit insurance for all account ownership categories from $100,000 to $250,000. This increase is effective from October 3, 2008 to December 31, 2009. IRAs and certain other retirement accounts for which the deposit insurance limit already was $250,000 prior to October 3, 2008 will continue to be insured up to $250,000. After December 31, 2009, account ownership categories for which the deposit insurance limit was $100,000 prior to October 3, 2008 will revert to the $100,000 limit.
More...

also-
http://www.fdic.gov/deposit/Deposits/insured/basics.html

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FDIC limit now $250K?

Toonces

Bob111