Yes, it’s here. Based on the scary prospects faced by many banks, the FDIC (Federal Deposit Insurance Corporation) has announced they will use some of the $700 billion package to increase the insured values of the owners deposits to $250,000 per depositor.
In other words, if you are a US citizen FDIC can help you claim back a maximum of $250,000 from your bank deposits from one single bank account. The new calculator has a human face and it’s called Edie. You could see Edie in action here, with tutorials and other useful stuff included.Read More »How to calculate your bank deposit coverage