

What is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created to maintain stability and public confidence in the United States financial system.
The FDIC carries out this mission by insuring deposits; The FDIC examines and supervises financial institutions for financial strength and client protection.
What Does it Mean When a Bank is FDIC Insured?
When a bank is an FDIC Member, it means the FDIC insurance protects depositors if an FDIC-insured bank fails. The agency provides insurance coverage for deposits held at the institution. The insurance provided by the FDIC is fully backed by the United States Government.
What Types of Accounts Does the FDIC Insure?
- Checking Accounts
- Negotiable Order of Withdrawal (NOW) Accounts
- Savings Accounts
- Money Market Deposit Accounts (MMDA)
- Time Deposits such as Certificates of Deposit (CDs)
- Cashier's Checks, Money Orders, and other official items issued by a bank
What Investment Products are NOT Insured by
the FDIC?*
- Stock Investments
- Bond Investments
- Mutual Funds
- Crypto Assets
- Life Insurance Policies
- Annuities
- Municipal Securities
- Safe deposit boxes or their contents
- U.S. Treasury bills, bonds or notes
What is the Limit for FDIC Insurance Coverage?
How Do You Maximize FDIC?
Certain retirement accounts
• Revocable trusts
• Irrevocable trusts
• Employee benefit plan accounts
• Corporation
• Partnership
• Unincorporated association accounts
• Government accounts.
Electronic Deposit Insurance Estimator (EDIE)
Questions About FDIC Insurance?
These investments are backed by the full faith and credit of the U.S. government.
For more information on investment insurance, please visit:
https://www.fdic.gov/resources/deposit-insurance/brochures/insured-deposits/
Please note, the standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
City National Bank of Florida clients do not have to purchase deposit insurance. When opening an account in an FDIC-insured bank, deposits are automatically covered.
For more information regarding FDIC coverage, please visit: https://www.fdic.gov/ or call 1-877-275-3342.
* Investment products are not insured by the FDIC or by any federal government agency. They are not a deposit or other obligation of, or guaranteed by City National Bank of Florida or any of its affiliates.
They are subject to investment risks, including possible loss of the principal amount invested. Some securities products may be provided by Bci Securities Inc. City National Bank of Florida is an FDIC insured institution and not a broker dealer. Bci Securities, Inc. is a registered broker dealer and insured by SIPC. Bci Securities is an affiliate of City National Bank of Florida under common ownership. City National Bank of Florida doe not provide any tax or legal advice.