Who is the FDIC?/span> What does the FDIC insure? What is the insurance limit? I have accounts in multiple categories at a financial institution.  Are all of my funds insured? Where can I get more information about FDIC insurance? What are the current coverage limits? Who is the FDIC? The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in FDIC-insured institutions. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in1933, no depositor has ever lost a single penny of FDIC-insured funds. There is no need for depositors to apply for FDIC insurance or even to request it; coverage is automatic. FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities. _____________________________________________________________________  ^Back to Top What does the FDIC insure? The FDIC guarantees all traditional types of deposit accounts (checking, savings, trust, money market, CDs) up to $250,000 and guarantees IRAs up to $250,000. Investment products (mutual funds, annuities, life insurance policies, stocks and bonds) are not FDIC insured, may lose value, and are not bank guaranteed.   _____________________________________________________________________  ^Back to Top What is the insurance limit? The basic deposit accounts insurance limit amount is $250,000 per depositor per insured bank. Certain retirement accounts (such as Individual Retirement Accounts [IRAs]) are insured up to $250,000 per depositor per insured bank. If you and your family have a combined amount of $250,000 or less in all of your deposit accounts categories at the same insured bank, you do not need to worry about your insurance coverage, as your deposits are fully insured. _____________________________________________________________________  ^Back to Top I have accounts in multiple categories at a financial institution.  Are all of my funds insured? For customers with accounts in multiple categories at a single financial institution, FDIC coverage is based on the titling of the accounts and the category of accounts, not the number of accounts. For example, a customer who owns a checking account and a CD titled in his or her own name as single owner will receive a total of $250,000 of combined coverage for both accounts. But if that same customer also has a joint account (which is a separate category from individual accounts), he or she could receive an additional $250,000 of insurance for the funds held in the joint account.   _____________________________________________________________________  ^Back to Top Where can I get more information about FDIC insurance? You may contact a customer service representative or visit a bank location  to obtain a copy of the "FDIC - Your Insured Deposits" brochure. You may also call the FDIC at 1.877.ASK.FDIC (1.877.275.3342) or by visiting www.fdic.gov _____________________________________________________________________  ^Back to Top What the current coverage limits? Basic FDIC Deposit Insurance Coverage Limits* Single Accounts (owned by one person) $250,000 per owner     Joint Accounts (two or more persons) $250,000 per co-owner     IRAs and certain other retirement accounts $250,000 per owner     Trust Accounts $250,000 per owner per beneficiary subject to specific limitations and requirements     Corporation, Partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant     Government Accounts $250,000 per official custodian     Non-interest Bearing Transaction Accounts Unlimited coverage – only at participating FDIC-insured banks and savings associations ** NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS   All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, Money Market deposit accounts. Interest on Lawyers Trust Accounts ("IOLTAs") will receive unlimited coverage as noninterest-bearing transaction accounts for two years ending December 31, 2012. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. _____________________________________________________________________  ^Back to Top