Comments on: New FDIC Deposit Insurance Coverage Limits http://www.consumerismcommentary.com/2008/10/06/new-fdic-deposit-insurance-coverage-limits/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Frank http://www.consumerismcommentary.com/2008/10/06/new-fdic-deposit-insurance-coverage-limits/#comment-185013 Frank Wed, 29 Oct 2008 16:21:53 +0000 http://www.consumerismcommentary.com/?p=4119#comment-185013 I think its good that the rates went up but how about for those businesses that have more that 250k in their accounts. How do they benefit from this? I think its good that the rates went up but how about for those businesses that have more that 250k in their accounts. How do they benefit from this?

]]> By: William http://www.consumerismcommentary.com/2008/10/06/new-fdic-deposit-insurance-coverage-limits/#comment-184832 William Tue, 21 Oct 2008 19:25:59 +0000 http://www.consumerismcommentary.com/?p=4119#comment-184832 How are banks structuring business accounts that have traditionally used over-night repos, but still need the liquidity at certain times of the year to pay certain large expenses. Also, are these repos potentially lost if a bank fails. Also, I have read that if you keep your money in non-interest bearing checking account then the entire amount is covered by the FDIC. Is that correct? How are banks structuring business accounts that have traditionally used over-night repos, but still need the liquidity at certain times of the year to pay certain large expenses. Also, are these repos potentially lost if a bank fails. Also, I have read that if you keep your money in non-interest bearing checking account then the entire amount is covered by the FDIC. Is that correct?

]]> By: rob http://www.consumerismcommentary.com/2008/10/06/new-fdic-deposit-insurance-coverage-limits/#comment-184572 rob Tue, 07 Oct 2008 12:26:24 +0000 http://www.consumerismcommentary.com/?p=4119#comment-184572 In a day where so many people have more money than they know what to do with, regardless of a bad economy, these new FDIC limits should be made permanent. As time passes, so many things don't get indexed. Just like many people are rooting for the AMT (Tax) to be increased because its hitting more people every year, the FDIC should do the same. They have been collecting premiums for many, many years and have never had much to with that money except profit. So IMO they should start offere us more protection as we go forward. In a day where so many people have more money than they know what to do with, regardless of a bad economy, these new FDIC limits should be made permanent. As time passes, so many things don’t get indexed. Just like many people are rooting for the AMT (Tax) to be increased because its hitting more people every year, the FDIC should do the same. They have been collecting premiums for many, many years and have never had much to with that money except profit. So IMO they should start offere us more protection as we go forward.

]]> By: Dan http://www.consumerismcommentary.com/2008/10/06/new-fdic-deposit-insurance-coverage-limits/#comment-184548 Dan Mon, 06 Oct 2008 22:06:22 +0000 http://www.consumerismcommentary.com/?p=4119#comment-184548 Alright, I'm off in the old time machine to October 2007, when my equity investments were still worth about $250K! I'll cash it all out and return to this miserable October and put it all in a nice, safe, FDIC insured account! Woohoo! :) Alright, I’m off in the old time machine to October 2007, when my equity investments were still worth about $250K!

I’ll cash it all out and return to this miserable October and put it all in a nice, safe, FDIC insured account!

Woohoo! :)

]]> By: Flexo http://www.consumerismcommentary.com/2008/10/06/new-fdic-deposit-insurance-coverage-limits/#comment-184546 Flexo Mon, 06 Oct 2008 21:24:36 +0000 http://www.consumerismcommentary.com/?p=4119#comment-184546 The new limits are effective October 3. (I added that information to the post.) The new limits are effective October 3. (I added that information to the post.)

]]> By: CJ http://www.consumerismcommentary.com/2008/10/06/new-fdic-deposit-insurance-coverage-limits/#comment-184544 CJ Mon, 06 Oct 2008 21:10:26 +0000 http://www.consumerismcommentary.com/?p=4119#comment-184544 Is this effective immediately? I may soon have $150,000 to put into a bank account while I look for a new house. I just want to make sure it's safe. Is this effective immediately? I may soon have $150,000 to put into a bank account while I look for a new house. I just want to make sure it’s safe.

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