FDIC Overview

FDIC fully insures your deposit up to $250,000

Are deposits at Tri Counties Bank insured by the Federal Deposit Insurance Corporation (FDIC)?

Yes.

What does FDIC deposit insurance cover?

FDIC insurance covers all types of deposits received at Tri Counties Bank including; checking, savings, money market, and time deposits such as certificates of deposit (CDs). FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest.

What is the FDIC insurance limit?

The FDIC Standard Maximum Deposit Insurance (SMDIA) per depositor, has been permanently increased to $250,000 per depositor per insured financial institution. But did you know that accounts maintained in different forms of ownership may each be separately insured up to $250,000? That makes it possible to have deposits of more than $250,000 at one insured bank and still be fully insured.

What is not covered by FDIC?

The FDIC does not insure investments in stocks, bonds, mutual funds, life insurance policies, annuities, including business sweep accounts or municipal securities, even if you bought these products from an insured bank. The FDIC does not insure U.S. Treasury bills, bonds, or notes. These are backed by the U.S. government.

For additional information visit the FDIC website at http://www.fdic.gov or call FDIC at 1-877-275-3342.

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