Deseret News | FDIC urges temporary hike in insured deposit limit

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FDIC urges temporary hike in insured deposit limit

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Anonymous | 5:06 p.m. Sept. 30, 2008

the insurance limit was $2500 in 1933 when the FDIC was organized. It was set at an amount to protect the little guy who lacked the sophistication necessary to determine whether or not his bank was safe. Now the limit is $100M, but it's surprising the number of people who have accumulated that much that still lack the sophistication needed to determine whether or not their bank is safe. Maybe we should raise the limit.

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