FDIC and NCUA Insurance $250,000 Limits Now Permanent

The standard maximum insurance limits for both FDIC and NCUA-insured accounts have been permanently raised to $250,000 per depositor as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed July 21st, 2010. The limits were temporarily increased from $100,000 to $250,000 effective October 3, 2008, through December 31, 2010. On May 20, 2009, the temporary increase was extended again through December 31, 2013. (FDIC press release)

The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. You may actually have more than $250,000 of coverage, depending on how you have titled your accounts and where you hold multiple accounts. Here are the official online calculators:

NCUA Electronic Share Insurance Calculator (ESIC)
FDIC Electronic Deposit Insurance Estimator (EDIE)

The new limits were made retroactive to 1/1/2008, which makes 9,500 people really happy who exceeded the FDIC limits between January 1st and October 3, 2008, which were only $100,000 at the time. Well, they got lucky. Don’t exceed the limits! (And congrats if this is still an issue for you…)


  1. Now if we could just get the current tax rates made permanent…

    • “Now if we could just get the current tax rates made permanent…” Careful what you wish for! A Constitutional Amendment banning all tax-cuts is a very dangerous proposition!

  2. Thought iremembered seeing this here but I just looked at my penfed acct and there is a blurb there that says increase of ncua is temporary til 2013. I wll have to look at the law and verify with them. Thoughts?

  3. It’s permanent, some credit unions just haven’t updated their signage or websites.


  4. Has anyone thought of this: Where would the FDIC get the money to pay out the claims if all of the banks were to go insolvent simultaneously?

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