Friday, December 5, 2008

FDIC Advice on New Insurance Limits and How to Be Fully Protected

Fall 2008 – Special Edition: Your New, Higher FDIC Insurance CoverageHow You Can Be Fully Protected

With banks and the economy in the news so much lately, many people are thinking more about the safety of their money. The good news for consumers is that federal insurance coverage has significantly increased, primarily as a result of a temporary boost in the basic insurance limit from $100,000 to $250,000. That’s also why the Federal Deposit Insurance Corporation has issued an explanation of the new changes along with tips and information to help bank customers better understand their insurance coverage and how to be sure all their deposits are fully protected.

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