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Using Banks and Bank Accounts/FDIC
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Question
What is the status of legislation to PERMANENTLY increase the FDIC insurance limit to $250,000 on Non-IRA accounts?
Thank you
interesting you asked me this, I had a customer ask me this just today. As of right now I have not heard of any changes. I have heard of talk of them making it a permanent thing, but to be 100% honest with you banks generally find out the same time the public does. I do know that as of right now that 250k insurance will remain in effect, the place that we always check is fdic.gov or bankrate.com for the latest info on this
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Answers by Expert:
Shane
Expertise
Hello, my name is Shane. I currently work at a financial institution in customer service and sales. I am able to answer most questions you have regarding banking products and services, how to use them, and what products may benefit you best. I can also help you to weigh the risks of various types of savings vehicles such as questions pertaining to CDS, money market accounts, etc. Feel free to ask and I promise I will do the best I can to answer.
Experience
Customer Service and Sales call center experience. Assists in training new hires for customer service. Well versed with FDIC policies, banking compliance laws, and a wide variety of product knowledge.
Organizations
American Association of Medical Assistants
Education/Credentials
High School Graduate and Medical Assisting Diploma
Awards and Honors
Significantly exceeds expectations annual review from the bank I presently work at
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