FDIC Limits Increased
The Emergency Economic Stabilization Act temporarily increased the basic limit on deposit insurance for all account ownership categories from $100,000 to $250,000. This increase is effective from October 3, 2008 to December 31, 2009. IRAs and certain other retirement accounts for which the deposit insurance limit already was $250,000 prior to October 3, 2008 will continue to be insured up to $250,000. After December 31, 2009, account ownership categories for which the deposit insurance limit was $100,000 prior to October 3, 2008 will revert to the $100,000 limit.
