What would you like to do?

How long does the 250000 FDIC insurance last?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

May 26th, 2009 FDIC Insurance Limit of $250,000 Extended Until 2013 Even as the FDIC oversaw the closures of two more banks last Friday (the 35th and 36th for this year), it also made a special announcement a few days ago regarding consumers' insurance coverage. The actual text from the FDIC website reads: "May 20, 2009 Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.)" It can be recalled that the rise in insurance coverage from $100,000 to $250,000 was made effective last October 3, 2008 in light of the successive bank closures that hit the country last year. While the new insurance cap of $250,000 per deposit account is supposed to expire come December 31, 2009, this notice effectively extends the raised limit for another four years.

Thanks for the feedback!

How long does car insurance last?

  Answer   As long as you pay the premiums!! Normally, a policy is issued for either 6 months or 12 months. Options for paying monthly are at time available for an

What did fdic insure?

The fdic insures personal deposits. It was 100,000 per account now 250,000 per account. for more info take a look at http://www.fdic.gov/deposit/Deposits/insured/basics.html w

What is FDIC insurance and what does it cover?

Federal Deposit Insurance Corporation. The FDIC insures deposits at 8,195 institutions. The FDIC also examines and supervises certain financial institutions for safety and s

Is fidelity 401K FDIC insured?

  Per the FDIC website: http://www.fdic.gov/consumers/consumer/information/fdiciorn.html   What Is Not Insured? Increasingly, institutions are also offering consumers

How does FDIC insurance work?

The FDIC provides to $200,000 of insurance per bank account. This means that if the bank goes under, you will still have your money. If you have more than $200,000, you will n

Is a cashiers check insured by the fdic?

It depends on if the bank is a member of the Federal Deposit  Insurance Corporation or not. If you get a cashiers check from a  bank that is insured by the Federal Deposit I

Is Royal Bank of Canada FDIC insured?

RBC's US Banking arm, titled RBC Bank (USA), is indeed FDIC insured. RBC Bank is a US bank headquartered in Raleigh, NC and operates in 6 Southeastern states. On the other h

Is chase bank fdic insured?

Yes. Chase bank is FDIC Insured. All deposits upto $250,000 in chase deposit accounts are insured by the FDIC. Chase bank is one of the largest banks in USA and it wouldn't be

How long does a life insurance last?

It depends on nature of the product. Term insurance for example, lasts a stated period of years. You can select a product with the desired duration. There are also options per

What does it mean if a bank is insured by the FDIC?

It means that your deposits are insured or safe-kept by the FDIC. FDIC insures upto $250,000 of your deposit in your bank. So, lets say you have $50,000 in your bank account a
In Uncategorized

Are online savings accounts FDIC insured?

Yes, they are. As long as you open your account with a proper, government-approved bank and not a sketchy fraud, your money is insured. The best way to make sure is to read th