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FDIC limits raised until 2013
Old 05-22-2009, 06:53 AM   #1
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FDIC limits raised until 2013

FDIC: Changes in FDIC Deposit Insurance Coverage

Looks like FDIC limits of $250,000 have been moved up to 2013.
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Old 05-22-2009, 08:56 AM   #2
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Thanks - missed the news item.
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Old 05-23-2009, 03:55 PM   #3
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Thanks, I missed it also.
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Old 05-24-2009, 02:16 AM   #4
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Thanks. Does this mean that a couple could have 500K insured with 2 accounts alternating the primary account holder? I already have 200K CD and was considering buying more at the same entity.
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Old 05-24-2009, 07:27 AM   #5
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Quote:
Originally Posted by Radiophilejapan View Post
Thanks. Does this mean that a couple could have 500K insured with 2 accounts alternating the primary account holder? I already have 200K CD and was considering buying more at the same entity.
RJ
The FDIC calculator on this website will answer all those questions: FDIC Electronic Deposit Insurance Estimator
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FDIC limits
Old 05-24-2009, 05:19 PM   #6
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FDIC limits

Thanks for this information. I was visiting my Aunt this week-end and this very subject came up in conversation. She is the guardian for my handicapped cousin, keeps cousin's resources in safe insured vehicles as this money pays for her long term care. I knew that the rate was in effect until Oct. 2009 but had not heard about the extension. I will pass on this news.
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Old 05-24-2009, 09:51 PM   #7
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Thanks! I ran the Eddie calculator and it does indeed insure additional investments in the same institution, in my case I ran a total of 400k in iterest bearing accounts. This extension is indeed great news.
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