INFORMATION & LINKS

Information > FDIC Insurance

The standard insurance amount currently is $250,000 per depositor. The $250,000 limit is temporary for all deposit accounts through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.

If you are not sure as to whether or not all of your deposits at GTSB are fully covered, click on the FDIC link below or visit any of our 4 GTSB locations, and we will gladly assist you in calculating your coverage amount.

FDIC Coverage Calculator

Germantown Trust & Savings Bank IS participating in the FDIC’s Transaction Account Guarantee Program. Under this program, all funds in a “non-interest bearing transaction account” are insured in full by the FDIC from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “non-interest bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (IOLTAs). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.