I currently have a $200,000 CDaccount in my local bank. When I opened the account, the customer representative made me sign an acknowledgment that I had been informed that the deposit insurance on my accounts at the bank would drop to $100,000 at the end of 2013. Will I be able to move some of my CD account to another bank when that date gets closer?
We have good news! When the president signed the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010, the deposit insurance limits for FDIC-insured banks and NCUA-insured credit unions were increased permanently to $250,000, so you won't need to make that change to ensure that your deposit is fully insured.
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We have good news! When the president signed the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010, the deposit insurance limits for 