Tuesday, December 22, 2009

FDIC Limit Extension

Late news but I thought I'd pass it on.

In September 2008, to mitigate cash flight from banks, the FDIC limit was raised from $100k to $250 per bank, good through 2009. If memory serves, this was connected to the TARP legislation.

Last May, the increased rate was extended through 2013.

No comments: