General Question

talljasperman's avatar

I heard that the FDIC last year has raised the insurable limit on deposits from $100,000 to $250,000 is it true?

Asked by talljasperman (21798points) April 14th, 2011

Or was that just a campaign promise?

Observing members: 0 Composing members: 0

5 Answers

everephebe's avatar

Lend me $250,000 and I’ll get back to you on that one. :D

It looks like is $250,000 now, at least until 2013? Several sources say it’s permanent though.”

Check Please. :D

talljasperman's avatar

Will you take a check… Or an I.O.U… I think it’s $250,000

math_nerd's avatar

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law on July 21, 2010.

This does indeed raise the limit to 250K.

jaytkay's avatar

Historical insurance limits
1934 – $2,500
1935 – $5,000
1950 – $10,000
1966 – $15,000
1969 – $20,000
1974 – $40,000
1980 – $100,000
2008 – $250,000

The temporary increase in 2008 of the insurance limit to $250,000 was made permanent in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

http://en.wikipedia.org/wiki/FDIC

woodcutter's avatar

that’s good to know.

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