Will the FDIC Raise the Deposit Insurance Limit?

Recent failures have some banking experts and policymakers asking whether it’s time to raise the FDIC deposit insurance limit.

Separated puzzle pieces would form a hundred-dollar bill if they were put together.
(Image credit: Getty Images)

The Federal Deposit Insurance Corp. (FDIC) has proven to be a vital form of protection, as we saw earlier this year. In March, Silicon Valley Bank failed, followed quickly by Signature Bank. The FDIC took over both banks amid growing fear of further bank failures.

Fortunately, FDIC deposit insurance kicked in for account holders at both banks. Other big regional banks continue to struggle, but industry-wide failures haven’t yet materialized. (For more about this issue, see Kiplinger.com's article Deeper Regional Banking Crisis Unlikely after Triple Failure: Kiplinger Economic Forecasts.)  

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The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.

Andrew Schrage

Andrew Schrage is the CEO of Money Crashers, a site focused on banking, credit cards and the economy.