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Home > Consumer Protection > Consumer News & Information > FDIC Consumer News - Spring 1998




FDIC Consumer News - Spring 1998

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.

Wanted: Your Suggestions and Questions About Easing the Burden of Paying for Higher Education

Please send us your suggestions for easing the burden of paying for higher education. Also, feel free to share any money-management tips for parents and their fledgling financiers on their first flight out of the nest. Or, let us know if you have questions you’d like answered in our upcoming feature.

Write by July 15th to:

Jay Rosenstein, Editor
FDIC, 550 17th Street, NW,
Washington, DC 20429
Internet: jrosenstein@fdic.gov
Fax: (202) 898-3870

Please include your name, address, and phone number. No names will appear in print without permission.

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Last Updated 08/03/1999 communications@fdic.gov

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