FDIC Deposit Insurance Coverage Raised from $100,000 to $250,000 per owner

As a follow up to our post on ways to increase your coverage in case of bank failure, we’ve learned that the FDIC is temporarily raising the limit to $250,000 per owner. This means that if you have a joint account, it’s $250,000 per co-owner. The insurance coverage increase lasts all the way through 2009, so you should have plenty of time to think before you consider moving your cash around.

Source: http://www.fdic.gov/news/news/financial/2008/fil08102a.html