FDIC Policy

The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC’s creation in 1933, no depositor has ever lost even one penny of FDIC-insured funds.

If you and your family have $250,000 or less in all of your deposit accounts at the same insured bank or savings association, you do not need to worry about your insurance coverage — your deposits are fully insured. A depositor can have more than $250,000 at one insured bank or savings association and still be fully insured provided the accounts meet certain requirements. In addition, federal law provides for insurance coverage of up to $250,000 for certain retirement accounts.

For more information about FDIC insurance coverage visit www.fdic.gov

 

By accessing the noted link you will be leaving the Swedish-American State Bank's website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of the Swedish-American State Bank's website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Swedish-American State Bank.

 

By accessing the noted link you will be leaving the Swedish-American State Bank's website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of the Swedish-American State Bank's website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Swedish-American State Bank.