My FDIC Insurance - What’s this all about?
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Recently I noticed terms like myfdic, myfdic.gov, myfdicinsurance.com, myfdicinsurance.gov and other My FDIC Insurance terms in google trend. Whether the amount of search is a result of the bad news about Lehman Brothers Bankruptcy and the unstable status of different banks or financial institutions like AIG and other stocks or because it was mentioned by Suze Orman (personal finance expert) on The Today Show one thing is for sure - People who are searching these key phrase want to look for the information related to FDIC or the insurance of the money that they stashed somewhere.
In The Today Show, Suze reiterate the online tool that will tell you whether your money is ensure www.myfdicinsurance.gov , so investor and those who stashed their money somewhere could easily know whether their wealth / hard earned retirement is safe.
Here is the The Today Show video where the my fdic insurance was mentioned:
FDIC Coverage: (Per Bank)
| Individual per person | $ 100,000 |
| Joint accounts per person | $ 100,000 |
| Retirement per person | $ 250,000 |
| Trusts / POD per beneficiary | $ 100,000 |
“Most of the money is Insured“.
FDIC insures bank deposits of up to $100,000 per deposit per bank and the IRAs up to $250,000. So, for the banks insured in FDIC - you don’t have to worry what will happen to your money if your bank fails as long as it is with the $100,000 threshold.
To contact FDIC (Federal Deposit Insurance Corporation) for your personal / bank concern you can reach them at:
- FDIC Call Center: 1-877-275-3342 (1-877-ASKFDIC)
- 7:00 am - 8:00 pm ET; Monday - Friday
- 9:00 am - 5:00 pm ET; Saturday - Sunday (temporary hours)
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Very informative!
The whole site is very worth reading..
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Maraming Salamat,
lady