Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Big Depositors Seek A New Safety Net

Thursday, January 3, 2013 - 5:53 AM
From the New York Times
On the first day of the New Year, $1.5 trillion of bank deposits will lose an unlimited government guarantee that was granted during the financial crisis to assure skittish customers that their cash was safe. For a handful of boutique firms that service banks, it’s a boon for business.

Read more

As described in the article, the Transaction Account Guarantee Program (TAGP) was not extended. We discussed if this might be helpful to savers in this September blog post.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708