Rates
Does Increased FDIC Insurance Ensure Low CD Rates?
March 31, 2010 · Leave a Comment, we Do-Follow
In response to the banking crisis, the Federal Deposit Insurance Corporation (FDIC) raised the limits on bank deposit accounts from $100,000 to $250,000 per depositor, per bank.
Without a doubt, this move was absolutely pivotal in preventing a run on every bank in America, which would have pretty well destroyed the entire U.S. banking system.
Nevertheless, there [...]
Source: Money Rates
