dic.gov/EDIE provides the exact status of federal insurance on all your bank accounts. To help allay investors’ fears, the government has temporarily raised Federal Deposit Insurance Corp. coverage to $250,000 per account.
Webapps.ncua.gov/ins serves a similar function for members of credit unions. Like banks, institutions within the National Credit Union Association “are backed by the full faith and credit of the U.S. government.” The site’s Share Insurance Estimator tells you how much deposits in each account are insured for.
Treasurydirect.gov is the Treasury Department’s own site for purchasing ultra-safe Treasury bonds. There’s no fee, and as long as you hold the securities to maturity, you will get your money back—assuming the federal government doesn’t default or restructure its debt.
Source: San Francisco Chronicle
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Who are the real gay marriage bigots?
- Why is American internet so slow?
- Don't worry: World War III will almost certainly never happen
- What would a U.S.-Russia war look like?
- Religious liberty should be a liberal value, too
- What the collapse of the Ming Dynasty can tell us about American decline
- 10 things you need to know today: March 7, 2014
- Watch The Daily Show mock Fox News' confused man-crush on Vladimir Putin
- The Daily Show explains Hamid Karzai's 'Afghan Hustle'
- Russia's Ukraine invasion is a moral crisis
Subscribe to the Week