Member Fdic

2021年6月1日
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BankFind - Federal Deposit Insurance Corporation
How your Deposits are Insured?
Thanks to a combination of deposit insurance safeguards, each depositor at Salem Five Cents Savings Bank, whether using a physical branch office, salemfive.com or salemfivedirect.com, is fully insured, regardless of the number of accounts or the total funds on deposit.
It works like this: The Federal Deposit Insurance Corporation (FDIC) now insures each depositor, for each ownership category, up to $250,000.
Deposits at Salem Five in excess of the standard insurance amounts provided by the FDIC are covered by the Depositors Insurance Fund (DIF). The DIF is a private, industry-sponsored insurance fund that insures all deposits above FDIC limits at Massachusetts-chartered savings banks. The DIF was established by the Massachusetts legislature in 1932 and has been insuring deposits since 1934. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.
The result? Your deposits at Salem Five are completely protected – without limitation.
To learn more about the Federal Deposit Insurance Corporation or understand if your specific accounts are covered, use the FDIC Electronic Deposit Insurance Estimator tool (EDIE) at www.fdic.gov/edie/
FDIC/DIF FAQs
Oct 21, 2020 The FDIC is an independent agency of the U.S. Government that protects you against loss of deposit if your bank or thrift institution fails and is FDIC insured. The short title ’Member of FDIC’ or ’Member FDIC,’ or a reproduction of the symbol of the Corporation (as described in § 328.1(b)), may be used by insured depository institutions at their option as the official advertising statement. (2) Size and print.Member Fdic Clipart
* I’ve noticed that my bank displays the FDIC and DIF symbols. What does Member FDIC/Member DIF mean?
Salem Five is a member of both organizations that insure depositors’ funds against loss. The first $250,000 per depositor is insured by the FDIC.
* Do all banks offer FDIC and DIF insurance coverage?
Welcome Bonus 2021

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