The FDIC Coverage You Deserve
Patriot Bank is now able to provide FDIC coverage up to $250,000. On October 3, 2009, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.
Single accounts will now be insured up to $250,000 per owner; joint accounts will be insured up to $250,000 per owner; and revocable trust accounts will each be insured up to $250,000 for the interest of each beneficiary, subject to certain limitations. IRAs and certain other retirement account coverage will remain at $250,000 per owner.
Temporary Basic FDIC Deposit Insurance Limits |
| Single Accounts (owned by one person) | $250,000 per owner |
| Joint Accounts (two or more persons) | $250,000 per co-owner |
IRAs and certain other retirement accounts | $250,000 per owner |
| Trust Accounts | $250,000 per owner per beneficiary subject to specific limitations and requirements |
Coroporation, Partnership and Unimcorporated Association Accounts | $250,000 per owner beneficiary subject to specific limitations and requirements |
| Employee Benefite Plans | $250,000 for the non-contingent, ascertainable interest of each participant |
| Government Accounts | $250,000 per each custodian |
EDIE the Estimator can calculate your FDIC insurance coverage.
Patriot Bank can also offer up to $50 million dollars in FDIC coverage on certificates of deposit, through our CDARS program. Talk to one of our Employees today and learn how you can get the coverage you deserve. That's banking the way it should be!