MCB News - 7/21/2010

FDIC Deposit Insurance permanently increased to $250,000 per depositor as part of Wall Street Reform and Consumer Protection Act

On July 21, 2010, President Barack Obama signed into law the Wall Street Reform and Consumer Protection Act which among other things permanently increased the maximum FDIC deposit insurance coverage amount to $250,000 per depositor, per insured depository institution for each account ownership category. For additional information on the new FDIC insurance coverage amount, please visit http://www.fdic.gov/deposit/deposits/dis/index.html or watch the video below. You can also estimate your maximum amount of FDIC insurable deposits at one covered institution by clicking here

FDIC Insurance explained (video)