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Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

Special 10th Anniversary Edition - Fall 2003

Extra Tip on... Credit Card Interest Charges
Many consumers think that with practically every credit card all their purchases are interest-free for at least 25 days regardless of the previous balance. However, with the typical card nowadays, if you carry over as little as a penny from the previous month's balance you can expect to be charge interest immediately on new purchases. And, if you have a card with no grace period, you always pay interest on new purchases from the day you make the purchase, even if you pay your bill in full.

Excerpted from "Fewer Credit Cards Offer a 'Full' Grace Period," Summer 2000.




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Last Updated 12/12/2003 communications@fdic.gov