Simple Debt-Free Finance

A Simple Approach to Getting Out of Debt & Into Wealth

CD Rate Roundup - Best Bank CD Rates in May

Emergency savings accounts are all the rage these days, and while many people keep theirs in a high yield saving account, others use CDs. It all depends on when you might need the cash.
You may want to consider splitting up your savings, depending on your situation. For example, you may only keep a months expenses [...]

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 [...]

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 [...]

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    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.
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