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Do You Really Think That The Government Is Going To Remove FDIC Insurance Limits?

The front verso of The Wall Street Journal today said that the government was considering removing alluvium insurance limits. Do you really think that this is going to happen?

And if it does, would you still feel comfortable with a duo hundred thousand dollars sitting in one bank account?

I am just curious as to what people conceive of about this new idea being brought up by FDIC.


Answer: I fear they would move that quickly to remove them all together. They just raised them to $250,000 temporarily and haven't uncommonly seen how big or small the problem is fully.

I could see in a few months if they seem to think that the banking system is sense that, but investor confidence is down, but other wise no.
 
 

Has The FDIC Raised Insurance Limits On CDs And Personal Savings Accounts To $250,000?

if so when did that materialize?


Answer: As of October 3rd, 2008 and until January 2009.
The limit has been raised to $250,000.

Note that this is "stand-by".

You can find the sticker announcing this at any bank.

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For A Joint Bank Account (husband And Wife), Is FDIC Insurance Limit 100K Or Doubles To 200K?

We have a dive account with 185K in a Money Market Account. I am not sure if our FDIC insurance is 100K or 200K. Unconventional people in Banks havr given me diffrent answers or even suggested MMA deposits are not FDIC insured.


Answer: FDIC-Insured
Checking Accounts (including loot market deposit accounts)
Savings Accounts (including passbook accounts)
Certificates of Leave
Retirement Accounts (consisting of cash on deposit at a bank or thrift)

Not FDIC-Insured
Investments in reciprocal funds (stock, bond or money market mutual funds), whether purchased from a bank, brokerage or agent
Annuities (underwritten by insurance companies, but sold at some banks)
Stocks,

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When Does The New FDIC Insurance Limit To $250k Become Applicable?

I recollect I read that it goes till 12/09 but am not sure when it starts?


Answer: The legislation authorizing the expansion in deposit insurance coverage limits makes the change effective October 3, 2008, through December 31, 2009.


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If My Wife And I Have A Joint Savings Acct At A Bank, Is The FDIC Insurance Limit 200K?

This is our only common account, and the only account that either of us has at that bank.


Answer: Yes for a intersection account.

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FDIC Insurance Limits and Indymac Bank Loan Modifications

Sheila Bair, FDIC Chairman, explains the many concerns depositors have about their bank accounts due the modern bank failures. Depositors don&#39 ...

Fdic insurance limits - Who has indymac loaned money to ...

Like it or not, the U. S. rule current to pull a proof pix more spinach (if demanded insured by the FDIC) to nurture the deposits from the FDIC. The FDIC may funds ran but can not bankrupt the FDIC gehen. Sheila Bair, chairwoman of the FDIC, said depositors have many concerns about their bank accounts by brand-new bank failures. Depositors have to sweat blood if, within the limits of confidence from the FDIC. She also talks about the program advance modification FDIC IndyMac Bank customers. If the FDIC still needs more funds, the U. S. ministry intervention and give it more resources. Wenn funds were being depleted, which can wax the premiums charged fellow institutions (banks and savings banks)....

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