The Federal Deposit Insurance Corporation has ensured the safety and security of our nation’s financial institutions since 1933.

FDIC deposit insurance coverage depends on two things: (1) whether your chosen financial product is a deposit product; and (2) whether your bank is FDIC-insured.

The FDIC covers:

• Checking accounts
• Negotiable order of withdrawal (NOW) accounts
• Savings accounts
• Money market deposit accounts (MMDAs)
• Time deposits such as certificates of deposit (CDs)
• Cashier’s checks, money orders, and other official items issued by a bank

There is no application required to qualify for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution. If you are interested in FDIC deposit insurance coverage, make sure you are depositing your funds in a deposit product at the bank.

Click on the link provided here for additional information about FDIC deposit insurance http://www.fdic.gov. There are brochures, calculators and helpful articles to guide you.

Contact 815-857-3625 ext. 5305 with additional questions regarding your FDIC deposit insurance.