Rager, Lehman & Houck, P.C.

Federal Deposit Insurance Corporation (FDIC) Unlimited Protection on Non-Interest Bearing Accounts Set to Expire

LogoIn response to the credit crisis of 2008, the Federal Deposit Insurance Corporation (FDIC) extended a program that was designed to extend and enhance insuring programs for deposits into financial institutions in the United States. The FDIC’s Transaction (TAG) Account Program carried a built-in expiration date, expiring on December 31, 2012. For businesses and non-profits, this means that every dollar over $250,000 held in a financial institution in a depository account is not insured and they are at greater risk of loss. If your finances could be affected by the expiration of the TAG program, it’s the right time to turn to Rager, Lehman & Houck for experienced financial planning services to ensure you are properly protected.