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menubar graphicDeposit Insurance Protection Increased
       
In light of confusion and concern about the safety of money deposited in banks, you may be interested in recent action regarding deposit insurance protection, and a new public education effort:

(1) FDIC deposit insurance basic limit for individual depositors was raised to $250,000 on October 3 as a result of the Emergency Economic Stabilization Act of 2008.  This increase will be in force until December 31, 2009, unless extended or otherwise acted upon by Congress. 

(2) The FDIC has launched a national public service campaign designed to help consumers learn about the benefits and limitations of deposit insurance.  This campaign features personal finance expert Suze Orman, and encourages the use of EDIE, the online insurance coverage Estimator, by providing a direct link. 


Please see MyFDICinsurance.gov for more information about current deposit insurance issues.
 





















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