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Facts About FDIC Insurance

What is the FDIC?

The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects you against the loss of your deposits if an FDIC insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC's creation in 1933, no depositor has ever lost even one penny of FDIC insured deposits. Visit for more information about the FDIC.

What does "Member FDIC" mean?

The FDIC insures deposits in most, but not all, banks and savings associations. All FDIC-insured deposit institutions must display an official FDIC sign at each teller window or teller station and in any location advertising the availability of FDIC-insured deposit accounts. Crescent Bank is an FDIC Member. Visit for more FAQs about the FDIC.

What types of accounts are covered by FDIC insurance?

FDIC insures Checking, Savings, Money Market, and Certificates of Deposit (CDs) up to $250,000 per depositor, per ownership type. You may qualify for more than $250,000 in coverage if you own deposit accounts in different ownership categories. The most common account ownership categories for individual and family deposits are single accounts, joint accounts, revocable trust accounts, and certain retirement accounts. For more information on how the FDIC insurance limits and rules apply, visit