Typically, the insurance covers deposits of up to $100,000 per account holder per bank. For example, a single account holder is covered on all deposits at one bank up to $100,000 and joint account holders are insured up to $200,000 for all deposits at one bank.
On October 3, 2008, Congress passed the Emergency Economic Stabilization Act of 2008, which required the FDIC and the NCUA to increase deposit insurance coverage from $100,000 to $250,000 per account holder per bank until December 31, 2009.
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