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Your Insured Deposits

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Temporary Changes to FDIC Deposit Insurance Coverage

The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.

The FDIC’s temporary Transaction Account Guarantee Program provides depositors with unlimited coverage for noninterest-bearing transaction accounts at participating FDIC-insured institutions. Noninterest-bearing checking accounts include Demand Deposit Accounts (DDAs) and any transaction account that has unlimited withdrawals and that cannot earn interest. Also included are low-interest NOW accounts (NOW accounts that cannot earn more than 0.5% interest) and IOLTA accounts. This unlimited insurance coverage is temporary and will remain in effect through June 30, 2010.

The discussion and examples of deposit insurance coverage in this brochure assume deposits are held in interest-bearing accounts.

Important Information About This Brochure:

This brochure describes the rules for FDIC deposit insurance coverage of most account ownership categories used by bank depositors. Its purpose is to help depositors understand the amount of coverage available for their deposit accounts. It is not a legal interpretation of the FDIC's laws and regulations. For additional or more specific information about FDIC insurance coverage, depositors or their financial or legal advisor may consult the Federal Deposit Insurance Act (12 U.S.C.1811 et seq.) and the FDIC's regulations relating to insurance coverage described in 12 C.F.R. Part 330.

The information in this brochure is based on FDIC laws and regulations in effect at publication. These rules can be amended and, therefore, some of the information in this brochure may become outdated. The online version of this brochure, available on the FDIC’s website at www.fdic.gov/deposit/deposits, will be updated immediately if rule changes affecting FDIC insurance coverage are made.

Depositors should note that federal law expressly limits the amount of insurance the FDIC can pay to depositors when an insured bank fails, and no representation made by any person or organization can either increase or modify that amount.

This brochure does not provide estate-planning advice. Depositors seeking such assistance should contact a financial or legal advisor.

For simplicity, this brochure uses the term "insured bank" to mean any bank or savings association that is insured by the FDIC. To check whether the FDIC insures a specific bank or savings association:

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Last Updated 12/29/2009 Online Customer Assistance Form

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