FDIC confirms traditional savings account insurance limits, and TreasuryDirect allows direct purchases of T-bills.
1 report, 1 independent
Updated Aug 25
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
FDIC confirms traditional savings account insurance limits, and TreasuryDirect allows direct purchases of T-bills.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Savers are purchasing Series I bonds through their accounts on the TreasuryDirect platform.Sub-event
FDIC confirms savings insurance limits while TreasuryDirect enables direct T-bill purchases.1 source
Keep exploring
The entities involved
-
Federal Deposit Insurance Corporation
US government agency providing deposit insurance
- The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.
- Federal Reserve actions are influencing national rates tracked by the FDIC, while Marcus offers CD rates through Goldman Sachs.
-
U.S. Treasury
mine in Sierra County, New Mexico, United States of America
-
TreasuryDirect
US government website
Nothing else this week.
Related events
- The FDIC guarantees deposits at commercial banks, while the Fed's rate-raising cycle influences Certificate of Deposit yields offered by institutions like EagleBank and American Express.
- Medallion Bank's dividends are tied to U.S. Treasury rates and the bank is FDIC-insured.
- Money Market Accounts are insured by the FDIC and NCUA, and their yields loosely track short-term Treasury rates.
- The Federal Deposit Insurance Corporation, Consumer Financial Protection Bureau, and Federal Trade Commission are all confirmed to be government agencies.
- The Federal Reserve Bank has become the sole buyer of U.S. Treasury debt.