Your FDIC Insurance coverage

What is the FDIC?

The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government. The FDIC protects depositors of insured banks located in the United States against the loss of their deposits if an insured bank fails.

FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC began operations in 1934, no depositor has ever lost a penny of FDIC-insured deposits.

What types of accounts are eligible for FDIC insurance?

FDIC insurance covers all types of deposits, including deposits in a checking account, negotiable order of withdrawal (NOW) account, savings account, money market deposit account (MMDA) or time deposit such as a certificate of deposit (CD).

How much does the FDIC insure?

The standard deposit insurance amount is $250,000 per depositor for each account ownership category. Common ownership categories include single accounts, joint accounts, revocable trust accounts and certain retirement accounts. For complete list of ownership categories, visit the FDIC website.

Is it possible to have more than $250,000 at Heritage Oaks Bank and still be fully covered?

You may qualify for more than $250,000 in coverage if you own deposit accounts in different ownership categories. We can help you maximize your coverage. Visit or call an account representative at your local branch.

Can I calculate my insurance coverage?

The FDIC's Electronic Deposit Insurance Estimator (EDIE) tool can help you calculate your coverage. Click here to access EDIE. You can also ask any Heritage Oaks Bank account representative to calculate your coverage.