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What is deposit insurance coverage?

The FDIC—short for the Federal Deposit Insurance Corporation—is an independent agency of the United States government. All FDIC-insured banks, like United Community Bank, must meet high standards for financial strength and stability. The FDIC, with other federal and state regulatory agencies, regularly reviews the operations of insured banks to ensure these standards are met.

The FDIC insures all deposits, including checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs), up to the insurance limit of $250,000 per depositor, per ownership category. The FDIC does not insure the money you invest in stocks, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased these products from an insured bank. FDIC coverage 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.

For more information on FDIC insurance coverage, visit fdic.gov.