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Home >> X-tra Information >> Articles of Interest >> Changes in FDIC Deposit Insurance Coverage

Changes in FDIC Deposit Insurance Coverage

May 20, 2009
Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.)

For more information visit: http://www.fdic.gov/news/news/financial/2009/fil09022.html

The extension announced on May 20, 2009, does not apply to the Transaction Account Guarantee Program. The unlimited coverage under the Transaction Account Guarantee Program is only in effect for depositors at participating institutions through December 31, 2009.

 

October 14, 2008
FDIC announced its temporary Transaction Account Guarantee Program, which provides full coverage for non-interest bearing transaction deposit accounts at FDIC-insured institutions that agree to participate in the program. The transaction account guarantee applies to all personal and business checking deposit accounts that do not earn interest at participating institutions. This unlimited insurance coverage is temporary and will remain in effect for participating institutions through December 31, 2009.

For more information visit:

• http://www.fdic.gov/news/news/financial/2008/fil08125.html
• http://www.fdic.gov/news/news/financial/2008/fil08110.html
• http://www.fdic.gov/news/news/financial/2008/fil08103.html
   

October 3, 2008
Deposits at FDIC-insured institutions are insured up to at least $250,000 per depositor until December 31, 2009. On January 1, 2010, FDIC deposit insurance for all deposit accounts—except for certain retirement accounts—will return to at least $100,000 per depositor. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, was increased permanently to $250,000 per depositor in 2006.

For more information visit: http://www.fdic.gov/news/news/financial/2008/fil08102.html
 

September 26, 2008
The FDIC has simplified its rules for the insurance coverage of revocable trust accounts. The new rules provide at least as much coverage as the former rules, and are not subject to the expiration dates referenced above.

Read more about this change at: http://www.fdic.gov/news/news/financial/2008/fil08099.html.

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