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Are deposits held at Fireside Bank insured by The Federal Deposit Insurance Corporation (FDIC)?

April 26, 2017Bank corporation deposit deposits FDIC Federal fireside held Insurance insured

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Are deposits held at Fireside Bank insured by The Federal Deposit Insurance Corporation (FDIC)?

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Yes, all of Fireside’s investment products qualify for FDIC insurance. The FDIC temporarily raised the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor through December 31, 2013. The temporary increase in deposit insurance coverage is effective immediately, and provides that the basic deposit insuance limit will return to $100,000 on January 1, 2014.