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Home > Deposit Insurance > Changes in FDIC Deposit Insurance Coverage

Changes in FDIC Deposit Insurance Coverage
September-October 2008

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 until December 31, 2009.

For more information visit:

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.

Last Updated 11/11/2008 Customer Assistance On-line Form

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