As a depositor at Valley State Bank, we want you to know how your deposits are insured and how you can increase your amount of insurance protection. To determine your deposit insurance coverage or ask any other specific deposit insurance questions, call 1-877-ASK-FDIC (1-877-275-3342) or call Valley State Bank at 256-332-3600. Learn more about the FDIC by visiting www.fdic.gov.
FDIC Deposit Insurance Coverage Limits
Single Accounts (Owned by One Person)
$250,000 per owner
Irrevocable Trust Accounts
$250,000 for the trust - more coverage available if requirements are met
Partnership and Unincorporated Association Accounts
$250,000 per corporation, partnership, or unincorporated association
Government Accounts
$250,000 per official custodian (more coverage available subject to specific conditions)
Joint Accounts (Owned by Two or More Persons)
$250,000 per co-owner
Revocable Trust Accounts
$250,000 per owner per unique beneficiary Corporation
Certain Retirement Accounts (Includes IRAs)
$250,000 per owner
Employee Benefit Plan Accounts
$250,000 for the non-contingent interest of each plan participant
The FDIC Covers:
- Checking Accounts
- Savings Accounts
- Money Market Deposit Accounts (MMDA)
- Negotiable Order of Withdrawal (NOW) Accounts
- Cashier's Checks
- Money Orders
- Time Deposits such as CDs
- Other Official Items Issued by the Bank
The FDIC Does NOT Cover:
- Annuities
- Municipal Securities
- Safe Deposit Boxes or their contents
- U.S. Treasury Bills, Bonds, or Notes
- Mutual Funds
- Stock Investments
- Bond Investments
- Life Insurance Policies
