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Has the change in the FDIC insurance coverage from $100,000 to $250,000 changed the definition of a jumbo CD as well? – IBA Compliance Connection

IBA Compliance Connection

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Has the change in the FDIC insurance coverage from $100,000 to $250,000 changed the definition of a jumbo CD as well?

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It appears that the threshold for jumbo deposits has not changed. The FDIC’s Weekly National Rates and Rate Caps still define “Jumbo” deposits as deposits of $100,000 or more.