US deposit insurance ceiling permanently raised to $250,000


The Dodd-Frank Act, signed into law by US President Barack Obama on Wednesday, has permanently raised the standard deposit insurance, the Federal Deposit Insurance Corporation (FDIC) said on Thursday.

The standard maximum deposit insurance amount, which was set to revert to $100,000 on 1 January 2014, will be replaced by the new figure of $250,000. On 3 October 2008, the insurance limit on deposits was increased temporarily, from $100,000 to $250,000, until the end of 2010. The time limit was

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: