On October 3, 2008, Federal Deposit Insurance (FDIC) deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. This includes deposits and accumulated interest in savings accounts, checking and interest-bearing transaction accounts, money market accounts, and term deposit accounts such as certificates of deposits.
There has been no change in the insurance of self-directed retirement accounts. The FDIC continues to insure self-directed retirement accounts separately up to $250,000 per owner.
As always, you can give us a call at (860) 376-4444 if you have any questions about your deposit insurance.