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FDIC Insurance

The more you know, the safer your money.

The Federal Deposit Insurance Corporation (FDIC) is an independent government agency created by the U.S. Congress to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships.

What is the FDIC?

  • The Federal Deposit Insurance Corporation (FDIC) was created in 1933 to provide insurance protection for depositors of failed banks and to help maintain sound conditions in the nation's banking system.
  • The FDIC is an independent agency of the U.S. Government. Since its inception, the FDIC has responded to thousands of bank failures. All insured deposits of failed banks and thrifts have been protected by the FDIC.
  • The FDIC provides an online tool at to help consumers learn about what the benefits and limitations of deposit insurance mean for you and to estimate your FDIC insurance coverage.

Are deposits at Tri Counties Bank insured by the FDIC?

Yes. Tri Counties Bank is a member of the FDIC. The FDIC fully insures your deposit up to $250,000.

What does FDIC deposit insurance cover?

FDIC insurance covers the following deposits received at Tri Counties Bank:

  • Checking Accounts
  • Savings Accounts
  • Money Market Accounts
  • Time Deposits (Certificates of Deposits)

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 the FDIC?

The FDIC does not insure the following investments even if purchased from an insured bank:

  • Stocks
  • Bonds
  • Mutual Funds
  • Life Insurance Policies
  • Annuities
  • Business Sweep Accounts
  • Municipal Securities

Additionally, the following investments are backed by the U.S. government and are not insured by the FDIC:

  • U.S. Treasury Bills
  • Bonds
  • Notes

The FDIC Electronic Deposit Insurance Estimator (EDIE)

EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor’s specific group of deposit accounts – what’s insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows the user to print the report for their records.

EDIE can be used to calculate the insurance coverage of all types of deposit accounts offered by an FDIC-insured bank, including:

  • Checking accounts
  • Savings accounts
  • Money Market accounts
  • Certificates of Deposit (CDs)


Read more about FDIC insurance online:

  • Deposit Insurance at a Glance summarizes what the FDIC covers and does not cover, FDIC coverage limits and the steps FDIC takes in the unlikely event of a bank failure.
  • Your Insured Deposits is a comprehensive description of FDIC deposit insurance coverage for the most common account ownership categories.

Contacting the FDIC: