How to calculate your bank deposit coverage
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