FDIC raises insurance coverage to $250,000

FDIC: Dodd-Frank Permanently Raises Insurance Coverage to $250,000
The FDIC reminded bankers yesterday that the Dodd-Frank Act permanently raises the current standard maximum deposit insurance amount to $250,000. That coverage limit applies per depositor, per insured depository institution for each account ownership category, the agency said. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until Dec. 31, 2013.