Each depositor insured to at least $250,000 per insured bank

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Your Insured Deposits

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Government Accounts

The category known as Government accounts (also called Public Unit accounts) includes deposit accounts owned by:

  • The United States, including federal agencies
  • Any state, county, municipality (or a political subdivision of any state, county, or municipality), the District of Columbia, Puerto Rico and other government possessions and territories
  • An Indian tribe

Insurance coverage of a government account is unique in that the insurance coverage extends to the official custodian of the deposits belonging to the government or public unit, rather than to the government unit itself.

Accounts held by an official custodian of a government unit will be insured as follows:

In-state accounts

  • up to $250,000 for the combined amount of all time and savings accounts (including NOW accounts)
  • up to $250,000 for the combined amount of all interest-bearing and noninterest-bearing demand deposit accounts (since July 21,2011, banks have been allowed to pay interest on demand deposit accounts)

Out-of-state accounts

  • up to $250,000 for the combined amount of all deposit accounts

A Negotiable Order of Withdrawal (NOW) account is a savings deposit not a demand deposit account.

To learn more about deposit insurance coverage for Government Accounts, see FDIC’s Fact Sheet – Deposit Insurance for Accounts Held by Government Depositors at:


Last Updated 01/01/2013 Customer Assistance Online Form