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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Economy Watch: September 14, 2008 - September 20, 2008

What types of bank accounts are covered by FDIC insurance?

FDIC insurance applies to all types of deposits at an insured institution, including those in checking accounts, savings accounts, so-called NOW accounts, money market deposit accounts and time deposits such as certificates of deposit. If a bank fails, you will...

By washingtonpost.com Editor  |  September 18, 2008; 6:17 PM ET  |  Permalink  |  Comments (0)
Categories:  Your Pocketbook  | Tags: FDIC, bank accounts  
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What if I have more than $100,000 in bank deposits? Is there any way to get more FDIC coverage?

Yes. If you keep your deposits in accounts under different ownership categories, you will be fully insured even if the sum of all the different pots of money exceeds $100,000. There are eight different ownership categories, including single accounts, joint...

By washingtonpost.com Editor  |  September 18, 2008; 6:16 PM ET  |  Permalink  |  Comments (0)
Categories:  Your Pocketbook  | Tags: FDIC, bank accounts  
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How safe is the money I've deposited into my bank account?

If you have $100,000 or less in your name at any FDIC-insured bank or savings association, you have nothing to fear. If you have certain types of retirement accounts, such as an individual retirement account, you're eligible for even more...

By washingtonpost.com Editor  |  September 18, 2008; 6:15 PM ET  |  Permalink  |  Comments (0)
Categories:  Your Pocketbook  | Tags: FDIC, bank accounts  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

 
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