Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

FDIC Insured Accounts


All-In-4-RV
 Share

Recommended Posts

http://www.todaysseniors.com/pages/FDIC_Insurance.html

I've been in retail banking for many, many years, and have been self employeed for the past 10 years.

As we all know, FDIC insurance protection was raised to 250,000.00 per individual deposit account last year. The link above states FDIC insurance reverts back to the lower coverage of only $100,000.00 per deposit account on December 31, 2013. Maybe I'm just out of the 'banking loop' but I had NO Idea! Thought this tid-bit of information would be surprising to some other folks as well. ??

Blessing to all! Go RV! :)

Link to comment
Share on other sites

http://www.todaysseniors.com/pages/FDIC_Insurance.html

I've been in retail banking for many, many years, and have been self employeed for the past 10 years.

As we all know, FDIC insurance protection was raised to 250,000.00 per individual deposit account last year. The link above states FDIC insurance reverts back to the lower coverage of only $100,000.00 per deposit account on December 31, 2013. Maybe I'm just out of the 'banking loop' but I had NO Idea! Thought this tid-bit of information would be surprising to some other folks as well. ??

Blessing to all! Go RV! :)

http://fdic.gov/deposit/deposits/changes.html

Check this link, it was raised permanently in July 2010 to $250K

Link to comment
Share on other sites

http://www.todaysseniors.com/pages/FDIC_Insurance.html

I've been in retail banking for many, many years, and have been self employeed for the past 10 years.

As we all know, FDIC insurance protection was raised to 250,000.00 per individual deposit account last year. The link above states FDIC insurance reverts back to the lower coverage of only $100,000.00 per deposit account on December 31, 2013. Maybe I'm just out of the 'banking loop' but I had NO Idea! Thought this tid-bit of information would be surprising to some other folks as well. ??

Blessing to all! Go RV! :)

The only account that will adjust to be FDIC issued amount is a CDARS account. It will change on its own from the 250K back to 100K. Be sure to check and read more about these types of accounts.

Link to comment
Share on other sites

http://fdic.gov/depo...ts/changes.html

Check this link, it was raised permanently in July 2010 to $250K

Thank you so much for your info. :)

the problem with fdic is.....it's not a pay on demand guarantee.....

if you have money in a bank that fails and you claim your fdic guarantee....they have 20 years to pay you back!!! their choice!

Thanks for your reply and info. :)

The only account that will adjust to be FDIC issued amount is a CDARS account. It will change on its own from the 250K back to 100K. Be sure to check and read more about these types of accounts.

Thank you so much for your reply and info. :)

Link to comment
Share on other sites

http://www.todaysseniors.com/pages/FDIC_Insurance.html

I've been in retail banking for many, many years, and have been self employeed for the past 10 years.

As we all know, FDIC insurance protection was raised to 250,000.00 per individual deposit account last year. The link above states FDIC insurance reverts back to the lower coverage of only $100,000.00 per deposit account on December 31, 2013. Maybe I'm just out of the 'banking loop' but I had NO Idea! Thought this tid-bit of information would be surprising to some other folks as well. ??

Blessing to all! Go RV! :)

Talking with a friend at BOA, most of the major banks avoid this as it is a large cost. Make sure to ask your banker if the account is insured that high. My guess is that it wont be.

If the bank is offering it, they pay a premium.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.