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 (21822points) 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.

woodcutter's avatar

that’s good to know.

Answer this question




to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
Knowledge Networking @ Fluther