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Are
deposits in separate institutions grouped
together for insurance purposes? |
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No. Deposits in different institutions
are insured separately. However, if
an institution has one or more branches,
the main office and all branch
offices are considered to be one institution,
even if the offices are in different
states. |
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Are
retirement accounts insured? |
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Separate coverage
is available for Individual Retirement
Accounts (IRAs), self-directed Keogh
plan accounts, 457 plan accounts and
certain other retirement accounts that
are self-directed. Changes in 2006 increased
the coverage for deposits in this ownership
category to $250,000. |
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