[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
May 26, 2009: FDIC has extended its insurance coverage limits of for $250,000 per depositor for funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). The legislation authorizing the extension of increased insurance coverage limits
is valid through December 31, 2013. This supersedes the October 3, 2008 changes.
There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic. We quote the details of basic coverage from FDIC’s website:
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Filed Under (Finance Help) by Admin on 25-05-2009
Equity markets around the world including Malaysia remains bullish throughout the week despite having weaker momentum. The KLCI climbed to the expected resistance range between 1,040 and 1,055 points. The KLCI closed at an eight-month high at 1,042.63 points last Wednesday. The KLCI went as high as 1,050.45 points on Thursday but selling pressure pushed the KLCI to close at the intra-day low of 1,035.56 points. The KLCI is up 23.57 points or 2.3 percent on-week and 68.96 points or 7 percent on-month. Average daily trading volume has declined to 1.8 billion shares, a decline of almost 42 percent from the previous corresponding week.
The KLCI is still in an uptrend. The KLCI is above all the three short to long term 30- to 90-day moving averages which are increasing. However, the momentum of the uptrend continues to weaken. The trend has already shown sign of weakness for the past three weeks but is still being supported well. The KLCI is 12.4 percent higher than the long term 90-day moving average which is currently at 921 points, a little higher than the previous corresponding week. This shows that there is some strength in the upward movement on-week.
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Amboy Direct is offering a $50 sign up bonus for their eSavings account. This account earns a high APY of 1.51%. To earn the $50 bonus you need to maintain a minimum monthly average balance of $3,000 or more for 90 days. Then $50 will be credited to your account in the next statement cycle.
