Federal Deposit Insurance Corporation (FDIC) insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as investment products.   

To ensure funds are fully protected, depositors should understand their coverage limits. The FDIC provides separate coverage for deposits held in different account ownership categories. Your personal banker can help you determine the best way to configure your accounts for maximum FDIC coverage. To calculate your deposit insurance coverage on your own, you can use the FDIC's Electronic Deposit Insurance Estimator (EDIE) at www.fdic.gov/edie.

In addition, your banker is trained on the recent updates to FDIC insurance and can explain how these changes may affect your accounts. Below is an overview of the most recent changes put in place by the FDIC:  

On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.