The limit on FDIC-insured accounts in the U.S. has increased from $100 thousand to $250 thousand. There are several main reasons for that. One is simply inflation. More importantly though are two other reasons. Other nations increased their limits. Ireland removed the limit. This suddenly attracted billions to Ireland. The other reason is consolidation. The largest banks don't want customers spreading money into other banks. In smaller economic zones such as small towns, that can often mean local, independent banks and credit unions.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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