Month: May 2009


  • Iron Capital Perspectives
  • May 7, 2009

How the stress test affects your bank

Q: My bank was among those told to raise additional capital. Are my deposits at risk?

The Federal Deposit Insurance Corp. guarantees your deposits and some bank-issued retirement accounts up to $250,000. If your bank participates in the FDIC’s Temporary Liquidity Guarantee Program, your non-interest-bearing and low-interest-bearing accounts (earning less than half a percent) will have unlimited FDIC coverage.