FDIC insurance protects you against the loss of your deposits in the event of a bank failure, up to the amount of the insurance limit. The standard maximum deposit insurance amount is currently $250,000 per individual depositor, per insured bank, for each account ownership category. However, when the accounts are set up in various ways, even higher FDIC coverage may apply. We would be happy to work with you to determine the options for obtaining maximum FDIC insurance coverage using information from, and online tools provided by, the FDIC.
To calculate the FDIC insurance coverage for your accounts, visit the FDIC Electronic Deposit Insurance Estimator site.