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FDIC Issues New Publications Explaining Deposit Insurance
One brochure, Insuring Your Deposits, answers basic questions that individuals and families most frequently ask about their FDIC insurance coverage.
The other publication, Your Insured Deposits FDIC's Guide to Deposit Insurance Coverage, is a comprehensive guide to the deposit insurance rules primarily for people with large-dollar or complex accounts, as well as businesses and organizations.
"No matter where you live or what you do, at some time in your life you may have more than $100,000 in a bank, perhaps from a pension, retirement savings, an inheritance or the proceeds from the sale of your home," says FDIC Chairman Don Powell. "That's why it's important for everyone to have a basic understanding of FDIC insurance coverage, especially before your deposits go over that $100,000 limit."
You can read or download both new publications at www.fdic.gov/deposit/deposits
on the FDIC's Web site. Single copies are available free of charge by completing the online order form at https://vcart.velocitypayment.com/fdic/ or by calling or writing the FDIC's Public Information Center. Both publications are scheduled to be issued in Spanish this summer followed by Chinese and Korean versions later this year.
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