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Home > Consumer Protection > Consumer News & Information > FDIC Consumer News - Summer 2000



FDIC Consumer News - Summer 2000

Important Update: FDIC Insurance Coverage Increased in Late 2008

In the fall of 2008, Congress temporarily increased the basic FDIC insurance coverage limit from $100,000 to $250,000 through December 31, 2009. In addition, the FDIC simplified the rules for the calculation of deposit insurance coverage for revocable trust deposits, including an expanded definition of the "eligible beneficiaries" for additional insurance coverage. As a result, certain previously published information related to FDIC insurance may not reflect the current insurance coverage. For more information, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.

New on the Net
These new federal Web sites can help you manage your money:
  • As part of the FDIC's ongoing efforts to help the public with banking-related questions or concerns, we've developed a new Customer Assistance page at www.fdic.gov/quicklinks/consumers.html. You'll find links to information that can provide immediate answers to questions. For more assistance, send questions using the same page's Customer Assistance Form.
  • When planning for retirement, it helps to know in advance how much money you can expect to receive each month in Social Security benefits. Check out the U.S. Social Security Administration's "Retirement Planner" site at www.ssa.gov/retire and use one of its online calculators to estimate your future Social Security benefits under different scenarios, such as how many more years you're likely to work.
  • The Treasury Department's Web page at www.savingsbonds.gov offers new services that make it easier to buy U.S. Savings Bonds and manage your portfolio. Click on the
    "Savings Bond Connection" to purchase bonds any time, using your Visa or MasterCard. If you want to buy a bond as a gift but you can't wait a week for it to arrive in the mail, you can download a Savings Bond gift certificate. (Remember, you can also buy Savings Bonds and gift certificates the traditional way at banks and other financial institutions.) The Treasury's Web site also has a "Savings Bond Calculator" that will list your bonds, automatically update their values and let you know when a bond has stopped earning interest.

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Last Updated 05/20/2005 communications@fdic.gov

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