Bank Failures Hit Triple Digits: What to Do Now (Page 2 of 8)
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Protect Every Penny You Can: Know the FDIC Rules
It's actually pretty simple to ensure that every penny you have in the bank is covered by the FDIC. You just have to pay attention to the rules. Rule #1: (and you might think this one is obvious, but it has to be said) Make sure your bank is insured by the FDIC. You can verify this by visiting the FDIC website at www.fdic.gov.
Once you've established that you are covered, make sure you know the limits of the coverage. Congress has temporarily increased FDIC deposit insurance from $100,000 to $250,000 per depositor. Let's look at the details...
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