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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 against the loss of their insured deposits if an FDIC-insured bank fails. FDIC insurance is backed by the full faith and credit of the United States government.

Is Flagler Bank an FDIC-Insured Bank?


What is insured by the FDIC?

FDIC insurance covers all types of deposits received at Flagler Bank, including deposits in checking and savings accounts, money market deposit accounts and time deposits such as certificates of deposit (CDs).

What amount of insurance coverage do I have for my accounts?

You can read about FDIC insurance coverage online at† and calculate your insurance coverage yourself using the FDIC’s online Electronic Deposit Insurance Estimator at†.

Is there coverage over the standard maximum amount?

Deposits in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. The mostcommon ownership categories are:

  • Single Accounts
  • Joint Accounts
  • Revocable Trust Accounts, including formal “living” or “family” trusts and informal “payable-on-death” (POD) or “in trust for” (ITF) ownerships
  • Certain Retirement Accounts including Traditional IRAs, Roth IRAs and SEPs
  • Corporation, partnership and unincorporated association accounts
  • Government Accounts

If you have more than $250,000 in all your deposit accounts at Flagler Bank, you can increase your FDIC coverage by adjusting the ownership of your accounts.

What is not insured by the FDIC?

Contents of safe deposit boxes are not FDIC insured. The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments were bought from an insured bank. The FDIC does not insure U.S. Treasury bills, bonds, or notes, but these are backed by the full faith and credit of the United States government.

Additional Information

You can call FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00am until 8:00pm ET(Eastern Time) Monday through Friday or contact them online at

For assistance understanding FDIC insurance as it relates to your Flagler Bank, please contact us any time at 561-432-2122.

This information is presented in a non-technical way and is not a legal interpretation of the laws and regulations on insurance coverage. Insurance of deposits is governed by the Federal Deposit Insurance Act (12 U.S. C. 1811 et seq.) and the FDIC’s regulations in insurance coverage (12 C.F.R. Park 330). You should contact your legal, tax and financial advisors for information and answers to your questions about your particular situation. † Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Flagler Bank neither endorses nor guarantees offerings of the third party providers, nor is Flagler Bank responsible for the security, content or availability of third party sites, their partners, or advertisers.