Federal Deposit Insurance Corporation established in 1933 provides insurance protection to depositors in the event of a bank failure and is backed by the full faith and credit of the United States Government. Deposits are insured up to $250,000 per depositor, per institution.

Specifically, all deposits in the same ownership category at the same institution for each account holder are added together and insured up to the maximum standard limit. However, the FDIC provides separate coverage for deposits held in different account ownership categories, and may provide for insurance beyond the $250,000 limit, given certain FDIC requirements are satisfied.

FDIC insurance covers all deposit accounts, as well as savings and checking accounts. It does not cover other financial products or services offered by the bank including stocks, bonds, mutual funds, annuities, life insurance products, and other non-deposit investments. For more information see Insured or Not Insured?

The FDIC provides an online insured deposit calculator that can be found at https://www2.fdic.gov/EDIE/.

The FDIC also provides a comprehensive brochure detailing the specifics on FDIC insurance and the limits for each ownership category: Your Insured Deposits

Certificates of Deposits (CDs) mentioned herewithin are deposit obligations of depository institutions domiciled in the U.S. or one of its territories, the deposits and accounts of which are insured by the Federal Deposit Insurance Corporation. CDs are obligations of the issuing institution and not, either directly or indirectly an obligation of U.S. Sterling Securities, Inc.

You are responsible for monitoring the total amount of deposits that you hold with any one Issuer, directly or through an intermediary, in order for you to determine the extent of deposit insurance coverage available to you on your CDs. U.S. Sterling Securities, Inc. is not responsible for any insured or uninsured portion of the CDs or any other deposits.

U.S. Sterling Securities, Inc. may offer CDs that are not FDIC Insured. Your representative will inform you if CDs are being offered that are not FDIC insured. In certain cases you may not be able to purchase these offerings through U.S. Sterling.

Frequently Asked Questions

Are DTC CDs FDIC Insured?

Yes, Depository Trust Company (DTC) CDs are considered deposits of a bank and are therefore eligible for FDIC insurance. Deposit Definition – Section (l)

What happens to my insurance coverage when two or more banks I have deposits at merge?

Insurance eligibility does not change for any of your pre-existing deposits held at the merging institutions. Click the following link to read more about deposit insurance and bank mergers. Merger of Insured Banks

If you have further questions about basic FDIC insurance coverage, please contact us. You may wish to seek advice from you own attorney concerning FDIC insurance coverage of deposits held in more than one insurable capacity. You may also obtain information by contacting the FDIC by phone (877-ASK-FDIC), or by visiting the FDIC website at http://www.fdic.gov/deposit/.

Other FDIC Insurance Related Links:

Never Lose a Penny

Insured or Not Insured?

When a Bank Fails

Changes in FDIC Insurance Coverage