FDIC Protection

FDIC Insures up to $250,000
Per Depositor, Per Insured Bank

The FDIC deposit insurance covers each depositor up to $250,000. This means that account holder deposits at Citywide Banks are automatically insured by the FDIC to the standard insurance amount of $250,000 per depositor for each ownership category.

The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership categories and all FDIC requirements are met.

Standard FDIC Deposit Insurance Coverage Limits

The following chart shows standard insurance amounts for FDIC account ownership categories. All deposits that an accountholder has in the same ownership category at the same bank are added together and insured up to the standard insurance amount. If you have questions about FDIC coverage limits and requirements, please visit www.myFDICinsurance.gov, call toll-free 1-877-ASK-FDIC, or contact your Citywide Banks representative.

(by account ownership category)

Single Accounts
(owned by one person)

$250,000 per owner

Joint Accounts
(owned by two or more persons)

$250,000 per co-owner

Certain Retirement Accounts
(including IRAs)

$250,000 per owner

Revocable Trust Accounts

$250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific limitations and requirements)

Corporation, Partnership, and Unincorporated Association Accounts

$250,000 per corporation, partnership, or unincorporated association

Irrevocable Trust Accounts

$250,000 for the non-contingent, ascertainable interest of each beneficiary

Employee Benefit Plan Accounts

$250,000 for the non-contingent, ascertainable interest of each plan participant

Government Accounts

$250,000 per official custodian