New $250,000 limit by FDIC for IRA accounts

Gilligan

Member
From the FDIC:

For the first time in more than 25 years, Congress has raised the limit on federal deposit insurance coverage, which protects against loss if a banking

Certain retirement accounts at FDIC-insured banks and savings institutions will be insured up to $250,000, up from $100,000 previously.

Under the FDIC's new rules, which take effect on April 1, 2006....

For More info:
http://www.fdic.gov/consumers/consumer/news/special/index.html
 
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