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FDIC Consumer News - Fall 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.

 

Should You Buy a Bank CD from a Broker?
Deposit brokers sometimes negotiate special deals on bank-issued certificates of deposit, but these CDs can be complex and may carry more risks than traditional accounts sold directly by banks. Here’s how to tell if a brokered CD makes sense for you.

Ask Questions Before Paying for Credit Card Insurance

Banks' Limited Authority to Open, Close and Access Accounts

A Bank By Any Other Name May Still Be the Same Bank

Graphic image of a storefront labeled "XYZ Investment Company". The Store window has a sign that says "FDIC-Insured Bank CDs Sold Here".
Wanted: Parental Advice for Teaching Teens About Spending and Borrowing Responsibly

For More Information


FDIC Consumer News is published by the Federal Deposit Insurance Corporation

Donna Tanoue
Chairman

Phil Battey
Director
Office of Public Affairs (OPA)

Elizabeth Ford
Assistant Director, OPA

Jay Rosenstein
Writer-Editor

Tommy Ballard
Graphic Design and Illustration

FDIC Consumer News is produced by the FDIC Office of Public Affairs in cooperation with other FDIC Divisions and Offices. It is intended to present information in a nontechnical way and is not intended to be a legal interpretation of FDIC regulations and policies. Mention of a product, service or company does not constitute an endorsement. This newsletter may be reprinted in whole or in part. Please credit material used to FDIC Consumer News.

Send comments, suggestions or questions to:
Jay Rosenstein
FDIC, 550 17th Street, NW
Washington, DC 20429
E-mail: jrosenstein@fdic.gov
Fax: (202) 898-3870

Subscriptions
Subscriptions are available free of charge. Send subscription requests or address changes to:

FDIC, Public Information Center
801 17th Street, NW, Room 100
Washington, DC 20434
Phone: (800) 276-6003 or (703) 562-2200
E-mail: publicinfo@fdic.gov
Fax: (703) 562-2296

 

See other issues of FDIC Consumer News online.

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Other consumer information on the Internet is available from the FDIC at www.fdic.gov.
Last Updated 09/08/2000 communications@fdic.gov

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