FDIC $250,000 Insurance Limit Extended to 2013 - Savings - Checking - CDs Article - fdic, fdic insurance, ncua

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FDIC $250,000 Insurance Limit Extended to 2013

Article Submitted by: BankMan
Savings - Checking - CDs

Tags: Fdic, Fdic insurance, Ncua, Ncua insurance.

Last week, President Obama signed a law that includes provisions that extend the $250,000 FDIC & NCUA deposit insurance limit to December 31, 2013.

Submitted: Jun 6, 2009 Views: 451 Comments: 0 Likes: 1

Last year, FDIC and MCUA deposit insurance was temporarily increased from $100,000 to $250,000 until the end of 2008. The Helping Families Save Their Homes Act of 2009 (S. 896), signed by President Obama last week, includes a provision that extends the FDIC and NCUA deposit insurance limit off $250,000 until December 31, 2013.

The bulk of the bill deals with mortgages and foreclosures, so the extention was not widely covered in the media.

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