New Deposit Insurance Limits
On July 21, 2010, the deposit insurance coverage for all deposit accounts was permanently raised to $250,000 per depositor, per insured depository institution for each account ownership category. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, was increased permanently to $250,000 per depositor in 2006.
What Is the FDIC?
The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. Visit the FDIC web site at www.fdic.gov for more information on FDIC coverage.
Calculate Your Coverage
Calculate your insurance coverage using the FDIC's online Electronic Deposit Insurance Estimator at www.myfdicinsurance.gov (English) or www.fdicseguro.gov (Spanish).
FDIC's Transaction Account Guarantee Program
Heritage Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. This includes interest bearing checking accounts with an interest rate no higher than .25% and Lawyers and Realtors Trust Accounts. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
