FDIC Insurance Deposit 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, NOW accounts and certificates of deposit. FDIC insurance does not cover safe deposit box contents or other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

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 at the same bank are added together and insured up to the standard insurance amount.


FDIC Deposit Insurance Coverage Limits 1

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


To calculate your deposit insurance coverage
Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.
EDIE The Estimator

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.

By operation of federal law, beginning January 1, 2013, funds deposited 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.

The FDIC sign, displayed at every Anderson Brothers Bank and all other FDIC-insured institutions, is a symbol of confidence for depositors.