FDIC EDIE - The Estimator

The Electronic Deposit Insurance Estimator (EDIE) is the FDIC’s easy-to-use tool that helps consumers find out if the money they have in deposit accounts at FDIC-insured banks is fully protected. It is now available on our site. To access it, click here. 

FDIC Insurance

Chain Bridge Bank, N.A., is a national bank organized under the laws of the United States and its deposits are insured, up to the legal maximums, by the FDIC.

The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government. The FDIC 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.

All FDIC-insured banks 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 at insured banks, including checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs), up to the insurance limit. The basic insurance amount is $250,000 per depositor per insured bank. Certain retirement accounts, such as Individual Retirement Accounts, are insured up to $250,000 per depositor per insured bank. You may qualify for more coverage at one insured bank if you own deposit accounts in different ownership categories. See notice below for information on temporary increase in deposit insurance limits for certain transaction accounts.

Temporary Unlimited Deposit Insurance for Noninterest-bearing Transaction Accounts

Noninterest-bearing transaction accounts carry unlimited FDIC insurance at Chain Bridge Bank, N.A.  On November 9, 2010, the FDIC issued a final rule to implement Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that provides temporary unlimited deposit insurance coverage for noninterest-bearing transaction accounts at all FDIC-insured depository institutions.  The separate coverage for noninterest-bearing transaction accounts became effective on December 31, 2010 and terminates on December 31, 2012.

 

If you would like more information about FDIC insurance, please contact us at Chain Bridge Bank.

You may also obtain more information from the FDIC by contacting them directly at: 1-877-ASK-FDIC (1-877-275-3342)

Hearing Impaired Line:
1-800-925-4618

You may calculate your insurance coverage using the FDIC's online Electronic Deposit Insurance Estimator (EDIE).

Read more about FDIC insurance online at: www.fdic.gov/deposit/deposits