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​As a client of Thomaston Savings Bank, you can bank with confidence knowing your deposit accounts are insured by the Federal Deposit Insurance Corporation, an independent agency created by the U.S. Congress. Your deposit accounts are insured for up to at least $250,000 per depositor.

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.

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.

Single Accounts
Owned by one person
$250,000 per owner
Joint Accounts
Owned by two or more persons
$250,000 per owner
Certain Retirement Accounts
Includes IRAs
$250,000 per owner

FDIC Electronic Deposit Insurance Estimator (EDIE)

EDIE lets you know how the insurance rules and limits apply to your specific group of deposit accounts – what's insured and what portion (if any) exceeds coverage limits. EDIE calculates the insurance coverage for:

  • Personal Accounts – deposits held by people in single accounts, joint accounts, POD/ITF 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.​​​​​​​

Learn more at the FDIC EDIE website​ or call the FDIC toll-free at 1-877-ASK-FDIC (1-877-275-3342)

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