FDIC Deposit Insurance Coverage 
 
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.  
 
FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.  
 
There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.  
 
To ensure funds are fully protected, depositors should understand their coverage limits. The FDIC provides separate coverage for deposits held in different account ownership categories. The coverage limits shown in the chart below refer to the total of all deposits that an account holder has in the same ownership categories at each FDIC-insured bank. The chart shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.  
 
Basic FDIC Deposit Insurance Coverage Limits*  
by account ownership category  
 
Single Accounts (owned by one person)      $250,000 per owner  
 
Joint Accounts (two or more persons)         $250,000 per co-owner  
 
Certain Retirement Accounts                      $250,000 per owner  
includes IRAs 
 
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                     $250,000 per corporation,partnership  
Unincorporated Association Accounts          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 
 
*Beginning December 31, 2010 through December 31, 2012, deposits held  in noninterest-bearing transaction accounts will be fully-insured, regardless of the amount in the account, at all FDIC-insured institutions.   
 
To calculate your deposit insurance coverage 
Use the FDIC's Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie  
 
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.  
 
 
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 also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts. 
 
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov 


FDIC
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