Save Your Way While Your Money is Safe and Secure
At FNB Bank, we recognize that trust is the cornerstone of a strong financial relationship. When you save your way through our competitive savings offerings: high yield savings account or certificates of deposit (CD), your money is safe, secure and backed by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the U.S. government that provides this protection to help maintain public confidence in the banking system.
What is FDIC Insurance?
FDIC insurance is a type of deposit protection provided by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the U.S. government. It safeguards depositors’ money in case an FDIC-insured bank fails.
Key Points About FDIC Insurance:
- Coverage Limit: The FDIC insures deposits up to $250,000 per depositor, per insured bank, per account ownership category (e.g., single accounts, joint accounts, certain retirement accounts).
- What’s Covered:
- Checking accounts
- Savings accounts
- Money market deposit accounts (MMDAs)
- Certificates of Deposit (CDs)
- What’s NOT Covered*:
- Stocks, bonds, or mutual funds
- Life insurance policies
- Annuities
- Safe deposit box contents
- Cryptocurrency
*Not FDIC/NCUSIF insured, not a deposits and may lose value.
How FDIC Insurance Works:
If an FDIC-insured bank fails, depositors do not lose their insured funds. The FDIC either:
- Pays out the insured amount (usually within a few days), or
- Transfers deposits to another insured bank, allowing depositors continued access to their money.
Save Your Way with Uncompromised Security:
Above all, your financial goals matter, and we’re here to help you reach them. That’s why we offer competitive, market-leading APYs on our high yield savings accounts and CDs. But while we focus on maximizing your earnings, your security remains our top priority. With FNB, you don’t just get great rates—you get the confidence of knowing your money is safeguarded by FDIC insurance and robust security measures.
Additional FDIC Resources:
BankFind Suite: Find Institutions by Name & Location
FDIC: Electronic Deposit Insurance Estimator (EDIE)
To learn more, contact the FDIC toll-free at 1.877.ASK.FDIC (1.877.275.3342) or visit www.fdic.gov.