EDIE the FDIC’s Electronic Deposit Insurance Estimator

Are your deposits fully insured at your financial institution?  All Deposits in FDIC-insured institutions are insured by the federal government.  When your money is FDIC insured, you cannot lose a penny, no matter what.  However, as with any insurance, there are coverage limits and requirements that must be met.  If you have more than $250,000 on deposit in the bank, you may have more, or less, deposit insurance coverage than you think.

Use EDIE Online – Electronic Deposit Insurance Estimator – to calculate your FDIC insurance coverage.  EDIE helps consumers and bankers identify, 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.  EDIE also allows you to print the report for your records.  EDIE calculates the insurance coverage for Personal Accounts—deposits held by people in single accounts, joint accounts, beneficiary accounts, living trust accounts, irrevocable trust accounts, and Individual Retirement Accounts (IRAs); Business Accounts—deposits held by corporations, partnerships, and organizations, both for-profit and not-for-profit; and Government Accounts—deposits held by public units such as school districts, cities, municipalities, counties, and states.

EDIE should not be used to calculate coverage on Mutual Funds, Stocks, Bonds, Annuities, or any other Investment that is not a deposit.  This includes investments that were purchased through an insured bank.  If you still have questions give us a call or come into a branch.  We would be more than happy to have a chat with you about FDIC Deposit



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