Depositor Protection
Federal Deposit Insurance Corporation (FDIC)
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000 (through December 31, 2009); by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
Certificate of Deposit Account Registry Service (CDARS®)
Almost anyone who wants to combine the convenience of working with one financial institution with the security of FDIC insurance can benefit from CDARS. Using the CDARS service, you can access up to $50 million in FDIC protection on CD investments. You work with a local CDARS network member—one you know and trust—to secure large deposits (from $10,000 to $50,000,000).
