Wednesday, March 15, 2006

New FDIC limits on retirement accounts go into effect next month

I previously wrote up the fact that higher FDIC limits on retirement accounts will go into effect no later than 1 Nov. Federal Deposit Insurance Corporation (FDIC) has finalized interim rules for higher FDIC limits much earlier than the time previously allotted it.

Effective 1 Apr 2006, retirement accounts will be covered up to $200k. Unable to attach specific article. However it's called: "Higher FDIC limit on retirement accounts begins April 1" and is available via google news.

The article is rather long but informative.

1 comment:

Finance Junkie said...

This is the link: