| Shifting from Stocks to Deposits? Consider Your FDIC Insurance.|
If the recent stock market woes have you thinking about placing some of your money into deposits at an FDIC-insured bank or savings institution, remember this: The FDIC fully protects you or your family if your deposits at an insured institution total less than $100,000. You or your family also can qualify for more than $100,000potentially much moreat one insured institution if you are able to hold your accounts in different ownership categories, such as individual accounts or joint accounts. But if your funds total more than $100,000 at a single institution, you should take the time to understand your coverage and how to properly structure your accounts, because you could be at risk of losing some of your funds if the institution fails.
The FDIC has staff and information that can help you learn more about how to qualify for more than $100,000 in coverage. You may start by checking out our deposit insurance information on the FDIC Web site at www.fdic.gov. Call toll-free (877) ASK-FDICthat's (877) 275-3342. Or, write to the FDIC Division of Supervision and Consumer Protection at 550 17th Street, NW, Washington, DC 20429, or fax to (202) 942-3098. You also can send an e-mail using the Customer Assistance Form on the Internet at www2.fdic.gov/starsmail/index.asp.
Reminder: Our Consumer News Arrives by E-Mail
| Do you Have Questions About Credit Cards or Debit Cards?
We'd like to know. Send us your questions about topics such as:
Write by October 15th to: Jay Rosenstein, Editor, FDIC Consumer News, 550 17th Street, NW, Room 7100, Washington, DC 20429. You can also send e-mail to email@example.com or a fax to (202) 898-3870. Please include your name, address and phone number. No names will appear in print without permission.
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