Federal Deposit Insurance Corporation (FDIC) Unlimited Protection on Non-Interest Bearing Accounts Set to Expire
In response to the credit crisis of 2008, the Federal Deposit Insurance Corporation (FDIC) extended a program that was designed to extend and enhance insuring programs for deposits into financial institutions in the United States. The FDIC’s Transaction (TAG) Account Program carried a built-in expiration date, expiring on December 31, 2012. For businesses and non-profits, this means that every dollar over $250,000 held in a financial institution in a depository account is not insured and they are at greater risk...
View full press release