FDIC Insurance
Why is FDIC insurance important to you?
FDIC insurance protects deposits from loss up to the FDIC insurance limit, including principal and accrued interest. Deposits include checking accounts, NOW accounts, savings accounts, money market accounts, individual retirement accounts (IRAs) and certificates of deposit (CDs).
Your FDIC Coverage
At Twin City Bank, your deposits are covered by the FDIC for up to $250,000 per depositor.* You may have more coverage depending on the ownership of your accounts.
- Single ownership accounts are insured up to $250,000 per owner
- Joint ownership accounts are insured with at least $500,000 (Up to $250,000 per co-owner)
- IRAs are insured up to $250,000 per owner
- Revocable trust accounts are insured up to $250,000 per owner, per beneficiary
| Account Owner | Deposit Type | Account Balance |
|---|---|---|
| Sue | Certificate of Deposit | $250,000 |
| Bob | Money Market Account | $250,000 |
| Bob & Sue | Savings Account | $500,000 ($250,000 per person) |
| Bob | IRA Account | $250,000 |
| Total Deposits | $1,250,000 | |
| Amount Insured | $1,250,000 |
*Additional coverage may be available to you depending on the ownership status of your account. Talk to your local banker for details.
Calculate your FDIC insurance coverage
Use the FDIC's Electronic Deposit Insurance Estimator (EDIE) to estimate your insurance coverage.
Click here to read more about FDIC insurance.
