WINNERSLOSERSSavers3 of 19During the first days of the financial crisis, Congress temporarily raised the FDIC limit from $100,000 to $250,000 to protect savers from a rash of bank failures that continues to this day. The financial reform act makes that change permanent, giving savers significantly more protection for their money from the federal government.« Back to Financial Regulation. Related Articles:Fed's monetary policy toolboxHelp for mortgage borrowers?Financial meltdown: Credit cardsHow safe is your bank?Related Links:Types of banking institutionsSafe places for cashHow the economy affects youCommon mistakes in a bad economy advertisement
During the first days of the financial crisis, Congress temporarily raised the FDIC limit from $100,000 to $250,000 to protect savers from a rash of bank failures that continues to this day. The financial reform act makes that change permanent, giving savers significantly more protection for their money from the federal government.