Do the new terms of FDIC insurance mean that regular non-interest bearing checking accounts are not FDIC insured?
Untitled
No, that's not what they mean at all.
The FDIC's basic deposit insurance coverage rules have not changed, except to increase the coverage limit to $250,000 per depositor, per "right and capacity."
Checking accounts, whether they earn interest or not, continue to be covered. However, through at least the end of 2013 non-interest bearing transaction accounts (traditional checking accounts) are fully insured (no balance limits).
Published on BankingQuestions.com 7/07/09; updated 7/21/10
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No, that's not what they mean at all.
The FDIC's basic 