Marquette Bank is a member of the Federal Deposit Insurance Corporation (FDIC), your deposits are insured by the federal government. The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor, for each insured financial institution. There is no cost to you for this insurance.
Accounts insured by the FDIC:
- Money market
- Certificates of Deposit (CDs)
- Certain retirement accounts
Accounts/services not insured by the FDIC:
- Mutual funds
- Life insurance policies
- Municipal securities
- Insurance amounts
- Safe Deposit Boxes
Maximizing FDIC Insurance
Consider a combination of accounts; you could be covered for more than $250,000. For example:
- Consider single-name accounts for each family member. Mom, Dad and a college student can each have a single-name account insured to $250,000 – for a total of $750,000.
- Pool your money into joint accounts. Funds in joint accounts are insured separately from single accounts and other ownership categories, up to a total of $250,000 per owner.
Marquette Bank representatives can help you structure your accounts to optimize your accounts for maximum FDIC insurance coverage.
Additional information from the FDIC:
Learn more with FDIC educational materials and calculate your coverage with EDIE the Estimator.
For more information about FDIC Insurance coverage, visit www.fdic.gov.