Sign In
Account Log In
Important Notice Regarding FDIC Insurance Coverage

February 10, 2014

Important Notice Regarding FDIC Insurance Coverage

Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts

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.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

FDIC Deposit Insurance Coverage

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover 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. 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 ownership categories are (1) Single Accounts, (2) Joint Accounts, (3) Certain Retirement Accounts (inludes IRAs), (4) Revocable Trust Accounts, (5) Corporation, Partnership and Unincorporated Association Accounts, (6) Irrevocable Trust Accounts, (7) Employee Benefits Plan Accounts, and (8) Government Accounts. 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. To calculate your deposit insurance coverage, use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) at www.fdic.gov/edie.

Share

More Resources

Maximize Your Savings: A Comprehensive Guide to CD Rates in Texas

April 28, 2025

Maximize Your Savings: A Comprehensive Guide to CD Rates in Texas

The latest information on CD rates in Texas. Learn about current trends, how to find the best rates, and tips for maximizing your savings.

Summer Protection: Secure Your Valuables with Safe Deposit Boxes in the Rio Grande Valley

April 22, 2025

Summer Protection: Secure Your Valuables with Safe Deposit Boxes in the Rio Grande Valley

Protect your valuable belongings this summer with secure safe deposit box solutions in the Rio Grande Valley money!

Empower Your Enterprise: Top 7 Business Checking Features for Weslaco Entrepreneurs

March 25, 2025

Empower Your Enterprise: Top 7 Business Checking Features for Weslaco Entrepreneurs

Unlock the business checking requirements for Weslaco entrepreneurs. Explore features designed to fuel local growth!

Top