FDIC Deposit Insurance Coverage

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. The standard insurance amount has been changed permanently to $250,000 per depositor. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts

3rd Fed Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, 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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit http://www.fdic.gov.

Financial Calculators

Member FDIC (#29132-3) | Equal Housing, Equal Opportunity Lender

Investments and Insurance Products: Not FDIC Insured. No Bank or Federal Government Guarantee. May Lose Value.