Extension of FDIC's $250,000 Deposit Insurance Limit Is Almost Law - Savings - Checking - CDs Article - banks, credit unions, fdic

The Best Savings Rates, CD Rates, and More

	Email to friend
	Print

Share

Other writing by ktexas

Tags

Investing, Stocks, Income, Dividends, Value, Buffett, Passive, Retirements, Economy, Dividend, Retirement, Bank, Banks, Money, Recession, Stock, Stock market, Market, Personal finance, Investment, Inflation, Savings, Credit, Checking, Interest rates.

Extension of FDIC's $250,000 Deposit Insurance Limit Is Almost Law

Article Submitted by: ktexas
Savings - Checking - CDs

Tags: Banks, Credit unions, Fdic, Bank failures, Ncua, Deposit insurance.

On Tuesday both the House and the Senate passed an amended version of Bill S.896 which includes a provision to extend the temporary increase in deposit insurance from December 31, 2009 to December 31, 2013. This applies to both FDIC and NCUA. You may not hear much about this provision in the media since it's just a tiny part of the bill which primarily deals with mortgage foreclosure prevention and enhancement in mortgage credit availability. The bill passed easily in both the House and Senate, so it appears very likely that it should soon be signed by the President and become law.

Submitted: May 20, 2009 Views: 729 Comments: 1 Likes: 1

View Article: http://bankdeals.blogspot.com/2009/05/extension-of-fdics-250000-dep...

Sponsor Updates and Offers

Related Articles:

Banco Santander Brazil IPO Raises over $8 Billion by soczie - Oct 07, 2009
Morgan Stanley and Fifth-Third Disappoint - Virtually no Banks are immune by AronLiv - Jun 18, 2008
Bank Savoy Offers 2.60% on Savings Until April 15, 2010 by AronLiv - Jan 09, 2010
Customers Not Banks Profited in 2007 by Sam Cass - Jan 02, 2008
Technologists Meet to Explore Online Banking Opportunities by Mass Market Tech - Jul 27, 2007
Patelco Credit Union is Scheduled to be Federally Insured Starting January 1st by ktexas - Nov 26, 2007
Patelco Is Now Federally Insured - My Experience Joining and Opening the 7% and 5.50% CDs by ktexas - Jan 01, 2008
Exceeding the $100K FDIC/NCUA Limits with POD's - Use Caution by ktexas - Aug 23, 2007
FDIC Takes Over NetBank - Some Interesting Facts about the Closure by ktexas - Oct 01, 2007.

1

Email this story Email to someone | Print Content | Add to reading list

Comments Received:

ktexas

It's now official. Obama just signed the bill into law.

Posted: May 20, 2009

Financial products of all nature bear inherent risks and this website is not a financial advisory service; it is a forum for users to share and to compare notes and observations on financial publications. The website provides, free of charge, the technical and logistical apparatus and the medium for users to share and to publish financial information and to comment on publications. As such, the website's operator can not and does not take responsibility for information, observations or opinions of any sort or nature provided by third parties with whom it is not affiliated who use the website to publish, to comment or as a means of solicitation. Users are specifically warned against following any advice related to specific instruments, including, but not limited to, equity securities, that may be provided by other users directly on this site or on web pages to which other users have provided links on this site. BestCashCow.com can not and does not check or verify the qualifications and credentials of users who publish or comment on this site or on linked pages. Users should seek personalized advice from qualified professionals regarding all personal financial issues and evaluate the risks and applicability to their own circumstances of each financial product discussed regardless of who the publisher is or purports to be. Should you, through your use of this site, identify an individual or organization purporting to offer personalized advice, you bear all responsibility to ensure that the individual or organization has the qualifications that they may represent on the website, and that their advice is appropriate for your circumstances. On certain webpages, BestCashCow.com provides information related to rates on US-based savings accounts, CDs, short-term government bonds, and other US cash equivalent securities, also free of charge to internet users for their independent use. The accuracy of this information is not guaranteed, and the information, like all other information on this website, should not be construed to provide investment advice, nor to endorse a financial product of any sort.

© 2010 BestCashCow.com, LLC. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy.