Each depositor insured to at least $250,000 per insured bank

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FDIC Consumer News - Summer 2003

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.

1. If you picked "True" you are correct.

In general, credit insurance is a type of life, accident, health, disability or unemployment insurance that will pay off a debt if the borrower dies or make monthly payments if the borrower becomes ill, injured or unemployed. See full story...

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Last Updated 09/15/2003 communications@fdic.gov