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Are Your Deposits FDIC Insured?

Are Your Deposits FDIC Insured?

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

FDIC insurance covers all deposit accounts, including:

  • Checking Accounts
  • Savings Accounts
  • Money Market Deposit Accounts
  • Certificates of Deposit

FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.  The standard insurance amount is $250,000 per depositor per insured bank, for each account ownership category.

The Federal Deposit Insurance Corporation's Electronic Deposit Insurance Estimator (EDIE) is a quick and easy way to find out if your deposits are all covered under FDIC insurance.

To find out if your deposits are covered, click here.

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