Archive for October, 2008

FDIC raises coverage to $250,000

October 21, 2008

The FDIC has raised their insurance limits on deposit accounts from $100,000 to $250,000. This means joint accounts can now be covered up to $500,000 in the event of a bank failure.
This should help build some confidence in our nation’s banks and possibly encourage people to save some money.  Here’s the breakdown from FDIC.gov:
Single [...]

Tags:
Category: Investment Education