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How long does the 250000 FDIC insurance last?

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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.

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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

What assets does FDIC insure?

The FDIC insures traditional types of bank accounts including:  checking, savings, certificates of deposit (CDs), and money market  deposit accounts. These types of accounts

Why did the FDIC increase their limit to 250000?

  It is only for a time-limited period, and it was done to reassure individual depositors that their funds were safe and they didn't need to withdraw all their money in a

What did the FDIC insure?

FDIC insures the deposits that customers place in banks. The purpose of this is to provide "Deposit Insurance" which guarantees the safety of cash deposited in its member bank

What does the fdic insure?

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guar

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

Are structured settlements FDIC insured?

No, because they are not issued by FDIC insured institutions but structures are extremely safe investments for the following reasons: 1. they are the only investment vehicle

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