Deposits now insured up to $250,000 by FDIC
The Federal Deposit Insurance Corporation announced July 21 that FDIC insurance coverage to depositor accounts has been raised permanently to the current standard maximum deposit insurance amount to $250,000.
The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013.
“With this permanent increase of deposit insurance coverage to $250,000, depositors with CDs above $100,000 but below $250,000 will no longer have to worry about losing coverage on those CDs maturing beyond 2013. Insured deposits provide the comfort and peace of mind to depositors that their money is 100 percent safe – provided they keep their deposit balances within the insurance limits,” said FDIC Chairman Sheila C. Bair.
On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raised the current standard maximum deposit insurance amount to $250,000.
The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.
The temporary increase from $100,000 to $250,000 was effective from October 3, 2008, through December 31, 2010. On May 20, 2009, the temporary increase was extended through December 31, 2013
During challenging economic times, Sunflower Bank and the FDIC remind customers that community banks are strong and safe; sound options for your deposit dollars and your money:
- Visit the FDIC deposit insurance calculator.
- Watch a video about FDIC coverage
- For more information on the safety and soundness of the industry and Sunflower Bank, visit or call any of our locations.
- Review our FAQ on deposit insurance.

