FDIC Deposit Insurance Coverage

In October of 2008, the FDIC made some changes to the deposit insurance coverage. The coverage limits were increased from $100,000 to $250,000. The coverage limits were originally going to fall back to $100,000 on January 1, 2010, but recently the increased limits were extended through December 31, 2013. Below is some guidance on FDIC coverage. These limits help you calculate the amount of funds that your organization has at risk at your bank/banks. For more information, visit www.FDIC.gov.

FDIC-Insured Accounts
• Checking Accounts (including money market deposit accounts)
• Savings Accounts (including passbook accounts)
• Certificates of Deposit

Not FDIC-Insured Accounts
• Investments in mutual funds (stock, bond or money market mutual funds), whether purchased from a bank, brokerage or dealer
• Annuities (underwritten by insurance companies, but sold at some banks)
• Stocks, bonds, Treasury securities or other investment products, whether purchased through a bank or a broker/dealer

Some Banks that Participate in FDIC’s Transaction Account Guarantee Program
Bank of America
Chase
Wells Fargo
Frost

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.