We Offer FDIC Insurance
Deposit insurance is one of the significant benefits of having an account at an FDIC-insured bank like KeySavings Bank—it’s how the FDIC protects your money in the unlikely event of a bank failure. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. And you don’t have to purchase deposit insurance. If you open a deposit account at KeySavings Bank, we pay for the insurance coverage and you are automatically covered.
If you are looking for ways to deposit more than $250,000 and want it to be insured, please contact us to learn more.
The FDIC covers
The FDIC does not cover
*These investments are backed by the full faith and credit of the U.S. government.
|FDIC Deposit Insurance Coverage Limits by Account Ownership Category|
|Single Accounts (Owned by One Person)||$250,000 per owner|
|Joint Accounts (Owned by Two or More Persons)||$250,000 per co-owner|
|Certain Retirement Accounts (Includes IRAs)||$250,000 per owner|
|Revocable Trust Accounts||$250,000 per owner per unique beneficiary|
|Corporation, Partnership and Unincorporated Association Accounts||$250,000 per corporation, partnership or unincorporated association|
|Irrevocable Trust Accounts||$250,000 for the noncontingent interest of each unique beneficiary|
|Employee Benefit Plan Accounts||$250,000 for the noncontingent interest of each plan participant|
|Government Accounts||$250,000 per official custodian (more coverage available subject to specific conditions)|
Please go to FDIC website and watch their numerous videos for more information:
Printable FDIC Insurance information: