FDIC Insurance


The Federal Deposit Insurance Corporation, or FDIC, is an independent agency of the United States government that was established by Congress with a mission to insure bank deposits. As a member of the FDIC, State Bank of Countryside protects its consumer and business deposits against loss as described below.



Coverage Provided by Standard FDIC Insurance

All depositor accounts at an insured depository institution, including both interest-bearing and noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount of $250,000 for each deposit insurance ownership category. In addition, retirement deposit accounts, including IRAs and SEPs are separately insured up to $250,000 per owner.



What is Not Insured by the FDIC

The FDIC does not insure money invested in non-deposit investment products, such as stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments were bought from an insured bank. The FDIC does not insure U.S. Treasury bills, bonds or notes. The FDIC does not insure safe deposit box contents.


Calculating Your FDIC Insurance Coverage

To calculate how your own accounts are covered by FDIC insurance, visit https://www.fdic.gov/edie/index.html and use EDIE the Estimator to create an easy to read report.



For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.