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The Federal Deposit Insurance Corporation (FDIC), has rasied the amount insured on certain retirement accounts such as Traditional IRAs and Roth IRAs to $250,000 from $100,00. Typical savings accounts and checking accounts stay the same at $100,000. The next review on increasing the insurance amount is set for 2011. Any increase in the years in between will be due to inflation. This is a big breakthrough and it clearly states the importance of saving off your pay check. There are a million ways to invest your money. From the likes of Emigrant Direct (4.5% interest) and ING Direct (3.8% interest). In my opinion, it’s better to keep an emergency fund in these accounts, but to each his/her own.