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FDIC raises coverage to $250,000

Published on October 21, 2008 By Best Rate Finder

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 [...]

Taking advantage of FDIC: Protecting your money

Published on September 21, 2008 By Best Rate Finder

The FDIC (Federal Deposit Insurance Corporation) is a government institution that insures bank deposit accounts up to 100,000 in the event of a bank failure.  Most people know that their normal savings, checking, or CD accounts are covered but there are ways of getting more coverage. If you have over 100,000 in investments then [...]