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FDIC Consumer News - Spring 2009 - Congress Extends $250,000 Insurance Coverage Through 2013

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Uploaded by on Dec 17, 2009

Last October, to help reassure depositors about the safety of their money during the economic crisis, Congress temporarily increased the basic limit on federal insurance coverage from $100,000 to $250,000 per depositor through December 31, 2009. Now heres important news, especially for people who have or plan to place long-term deposits. On May 19, 2009, Congress extended the temporary $250,000 coverage through December 31, 2013.
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