Protect Your Money
As part of the FDIC new national campaign — “Know Your Risk. Protect Your Money.” — we’re joining in to help raise awareness of deposit insurance protections.
What is Deposit Insurance?
The FDIC provides deposit insurance to protect your money in the event of a bank failure. Your deposits are automatically insured to at least $250,000 at each FDIC-insured bank.
What Does Deposit Insurance Cover?
FDIC deposit insurance protects money you hold at an FDIC-insured bank in traditional deposit accounts like:
- Checking accounts,
- Savings accounts,
- Money market deposit accounts (MMDAs), and
- Certificates of deposit (CDs).
Coverage is automatic when you open one of these types of accounts at an FDIC-insured bank like Wheatland.