FDIC Information
FDIC Deposit Insurance Coverage Limits
by account ownership category*
- Single Accounts owned by one person
$250,000 per owner - Joint Accounts owned by two or more persons
$250,000 per co-owner - Certain Retirement Accounts includes IRAs
$250,000 per owner - Revocable Trust Accounts
$250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific limitations and requirements) - Corporation, Partnership and Unincorporated Association Accounts
$250,000 per corporation, partnership or unincorporated association - Irrevocable Trust Accounts
$250,000 for the non-contingent, ascertainable interest of each beneficiary - Employee Benefit Plan Accounts
$250,000 for the non-contingent, ascertainable interest of each plan participant - Government Accounts
$250,000 per official custodian
For questions about FDIC coverage limits and requirements
Visit www.FDIC.gov/deposit/deposits, call toll-free 1-877-ASK-FDIC,
or ask a representative at your bank
To calculate your deposit insurance coverage
Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie
FDIC Deposit Insurance Coverage
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 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 FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership categories and all FDIC requirements are met. (For details on the requirements, go to www.fdic.gov/deposit/deposits.)
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.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By federal law, as of January 1, 2013, funds in a "noninterest-bearing transaction account (including an Interest on Lawyer Trust Account)" no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
Should this expiration of temporary insurance coverage impact you, our bank personnel are ready and available to discuss your financial options to best meet your objectives.
For more information about FDIC insurance coverage of non-interest bearing transaction accounts, visit www.fdic.gov/deposits/deposits/unlimited/expiration.html
For More Information from the FDIC
Calculate insurance coverage
Use the FDIC’s online
Electronic Deposit Insurance
Estimator at: www.fdic.gov/edie
Read more about
FDIC insurance online
Visit: www.fdic.gov/deposit/deposits
Call toll-free
1-877- ASK-FDIC (1-877-275-3342)
Hearing impaired line
1-800-925-4618
Send questions by e-mail
Use the FDIC’s online
Customer Assistance Form
at: www2.fdic.gov/starsmail
Mail questions
Federal Deposit Insurance Corporation
Attn: Deposit Insurance Outreach
550 17th Street, NW
Washington, DC 20429
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