News

October 3, 2008

Emergency Economic Stabilization Act of 2008 Temporarily Increases Basic FDIC Insurance Coverage from $100,000 to $250,000 Per Depositor

All other deposit accounts at FDIC - insured institutions are insured up to at least $250,000 per depositor until December 31, 2009. On January 1, 2010, DFIC deposit insurance for all deposit accounts - except for certain retirement accounts - will return to at least $100,000 per depositor. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, will remain at $250,000 per depositor.

For more information visit: www.fdic.gov/news/news/press/2008/pr08093.html