McCain and Obama Suggest Raising FDIC Insurance Limits

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McCain and Obama Suggest Raising FDIC Insurance Limits

September 30, 2008
By MoneyRates team | Money-Rates Columnist

The presidential candidates agree on at least one issue with both McCain and Obama strategists promoting an increase in the FDIC insurance deposit limit as part of their candidates financial reform platform. Both candidates agree that the insurance limit should be increased from $100,000 to $250,000.

The last time the insurance limit was increased was 1980.

Posted in FDIC banks| FDIC insurance| McCain| Obama

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About Richard Barrington

Richard Barrington, CFA, is the primary spokesperson and personal finance expert for MoneyRates. He is a 20-year veteran of the financial industry, including having served for over a dozen years as a member of the Executive Committee of Manning & Napier Advisors, Inc. Richard has written extensively on investment topics, including investments, money market accounts, Certificates of Deposit's and personal finance as it relates to retirement. Richard has been quoted by numerous media publications such as the New York Times, the Wall Street Journal, and Pensions & Investments magazine.

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