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Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

Special 10th Anniversary Edition - Fall 2003

Extra Tip on... Credit and Debit Cards for Teens
Credit and debit cards can be good ways for teens to pay without carrying cash or checks, and they can help teach kids about how to manage money. But teens and their parents need to be especially careful to avoid serious debt problems or a bad credit record at a young age. Among the alternatives: Cards with features for young cardholders, such as a low credit limit, or a pre-paid, re-loadable payment card that comes with parental controls, including spending limits.

Excerpted from "Just for Teens," Fall 2002.

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Last Updated 12/12/2003 communications@fdic.gov