FDIC Deposit Insurance

Our strength is your safety, and the protection of your bank deposits is important to us. Member institutions, like Square 1 Bank, pay premiums for the deposit insurance coverage it provides.

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. 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 insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.



For large deposits, Square 1 Bank also offers the Certificate of Deposit Account Registry Service® (CDARS®). This solution allows interest bearing CD accounts the benefit of full FDIC coverage on the total amount when placed with the CDARS® network – whether it is $500,000 or $20,000,000.

For more information about temporary FDIC insurance coverage of transaction accounts, please visit www.fdic.gov.  For additional questions, you may reach out to your Treasury Management and Banking team as additional resources. Our professionals are available with the answers you need to make informed decisions.

Arthur Wasson, SVP – Product Management