Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

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 coverage -- up to $250,000 per account owner, per insured bank. Deposits at credit unions have similar coverage through the National Credit Union Administration, an independent government agency.

-- Washington Post Staff Writer Nancy Trejos

By washingtonpost.com Editor  |  September 18, 2008; 6:15 PM ET
Categories:  Your Pocketbook  | Tags: FDIC, bank accounts  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Next: What if I have more than $100,000 in bank deposits? Is there any way to get more FDIC coverage?

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company