News & Press Releases

Deposits are now insured up to $250,000 through December 31, 2013

May 28, 2009

On May 20, 2009 the FDIC extended the Temporary Increase in Standard Maximum Deposit Insurance Amount (SMDIA) of $250,000 per depositor to December 31, 2013. This action became effective immediately upon the President Barack Obama's signing of the Helping Families Save Their Homes Act. The legislation signed by the President provides that the SMDIA will return to $100,000 on January 1, 2014.

« Back to Article Index