Simple Debt-Free Finance

A Simple Approach to Getting Out of Debt & Into Wealth

What Do the FDIC Insurance Limits Cover?

You’ve probably heard that Congress increased the limit of FDIC insurance from $100,000 to $250,000 back in the second half of 2008, when it seemed the sky would fall any day. But did you know that increased coverage expires on 1/1/2010? I didn’t either.
I saw a sign in my local bank stating the increase in [...]

FDIC Failed Bank List: 16 and counting.

According to the FDIC list of bank failures, there have been just 16 for 2008 (as of October 24th).
Here’s the list for 2008:

Alpha Bank & Trust, Alpharetta, GA     October 24, 2008
Meridian Bank Eldred, IL October 10, 2008
Main Street Bank, Northville, MI October 10, 2008
Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park [...]

How to Tell if Your Account is Fully FDIC Insured After a Bank Fails.

You may know that deposits up to $100,000 were insured against loss by the FDIC in case of bank failure, and that Congress has upped that coverage to $250,000. Here’s a release from the FDIC detailing the increase (pdf).
But what if your bank has failed and you’re not sure who assumed control or where you [...]

FDIC Myths, Legends and Misconceptions.

True or False:
Federal Deposit Insurance Corp. is only obligated to pay off 7% of the value of my deposits and that it has 99 years to pay off the balance.
I stumbled onto this recently and it caught my attention. There’s a great deal of misinformation and confusion about FDIC insurance coverage and limitations. And, of [...]

  • Search

  • Get Updates

    Subscribe in NewsGator Online
    Add to Technorati Favorites

  • Recent Comments

  • Tags

  • Contact

    If comments aren't enough, feel free to contact me at:

  • Frugal Hackers badgeMoney Hackers Network
    RSSMountain On our way to 1,000,000 rss feeds - millionrss.com Blog directory
    Investing Blog Directory RSS Search Blogged.com hihera.com

  • Blog Catalog Visitors

  • Disclaimer

    The information and opinions provided on this site do not constitute professional advice. This blog is intended to provide general information only about the author's own personal financial journey. While all information shared here is believed to be accurate, the owner/operator of this website specifically disclaims all warranties expressed, implied or statutory, regarding the accuracy, timeliness, and/or completeness of the information contained herein. You are advised to discuss your specific requirements with an independent financial adviser. All posts are © 2008-2011, Simple Debt Free Finance.

  • Unique visits since 2008:

  • ss_blog_claim=f34d742cbb91cfd8bb6b4f0e010113be ss_blog_claim=f34d742cbb91cfd8bb6b4f0e010113be

  • Useful Links: