MoneyRates Blog
FDIC Proposes Capping Bank Rates Offered by Weak Banks
January 27, 2009
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The FDIC has proposed tightening the caps on the rates that can be paid on CDs, money market accounts, savings accounts, and checking accounts for banks that are categorized as “Less Than Well Capitalized”. Instead of using Treasury yields for calculating the ceiling on deposit rates, the FDIC proposes using national rate averages. The intended [...]
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