FDIC Insurance

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IMPORTANT INFORMATION REGARDING FDIC DEPOSIT INSURANCE

NOTICE IMPORTANT INFORMATION REGARDING FDIC DEPOSIT INSURANCE

By federal law, as of 01-01-13, funds in a noninterest bearing transaction
account (including IOLTA / IOLA) will no longer receive unlimited deposit insurance coverage
but will be FDIC-insured to the legal maximum of $250,000 for each ownership category

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.

The standard insurance amount is $250,000 per depositor.

The following chart shows standard insurance amounts for FDIC account ownership categories. All deposits that an accountholder has in the same ownership category are added together and insured up to the standard insurance amount.

To calculate your deposit insurance coverage

For questions about FDIC coverage limits and requirements

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