Getting your player ready...
WASHINGTON — The government’s new plan for rebuilding the deposit-insurance fund would more than double the industry’s average premiums next year. It also could bring higher costs for bank customers.
The Federal Deposit Insurance Corp. approved the proposal Tuesday. It will raise the average insurance premiums paid by U.S. banks and thrifts to 13.5 cents for every $100 of their deposits from the current 6.3 cents. For institutions deemed to be in strong financial condition — 91 percent of roughly 8,500 insured banks and thrifts — the average rate would be 11.6 cents.
