WASHINGTON – All banks and thrifts will pay significantly more in deposit insurance premiums next year under a plan proposed Tuesday by the Federal Deposit Insurance Corp.

Under the plan, more than 90% of banks and thrifts will pay between 12 to 14 cents per $100 of domestic deposits starting Jan. 1. Most institutions paid between 5 to 7 basis points in assessments this year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.