FDIC-Insured Deposits for Retirement: Now Insured Up to $250,000
For the first time in more than 25 years,
Congress has raised the limit on the
federal deposit insurance coverage that
protects retirement savings accounts.
The new law provides up to $250,000 of
deposit insurance for retirement accounts,
including Roth and traditional IRAs.
This increase includes College Savings
Bank IRAs used to save for college.