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FDIC Consumer News

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.

Summer 2006 – Start Smart: Money Management for Teens

Savings Bonds: A Safe and Affordable Investment Option

U.S. Savings Bonds are investments that are backed by the federal government and offer a safe, easy way for teens (and anyone else) to save for the future.

Savings Bonds are affordable—you can buy a bond electronically through the U.S. Treasury for as little as $25 or purchase a paper bond from a local bank starting at $50. Savings Bonds also pay interest rates that are competitive with other forms of saving. And you will always get your money back, unlike with stocks and certain other investments.

For more information, go to www.treasurydirect.gov or call toll-free 1-800-4US-BOND, which is 1-800-487-2663.

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Last Updated 08/16/2006

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