Deposits in checking, savings, money market and certificate of deposit accounts at FDIC-insured institutions are insured up to $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor.1
Note: Beginning January 1, 2010, Citibank will no longer participate in the FDIC's Transaction Account Guarantee Program. Thus, funds held in non interest-bearing transaction accounts (non-interest and interest-bearing checking accounts) will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general deposit insurance rules.
1.The deposit insurance coverage limits refer to the total of all deposits that an account holder (or account holders) has at each FDIC-insured bank.
What is FDIC insurance?
Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects you against the loss of your deposits if any FDIC-insured bank or savings association fails. There is no need to apply for FDIC insurance-coverage is automatic and backed by the full faith and credit of the U.S. government.
How does FDIC insurance work?
To learn how FDIC insurance works, visit the agency's web site at http://www.fdic.gov. There, you'll find a wide range of resources including a series of Frequently Asked Questions.
You may also call the FDIC at: 1.877-ASKFDIC (877-275-3342) 2.TDD: 800-925-4618
