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I have deposit accounts at both Butte Community Bank and Rabobank. Are both of my accounts insured?

April 26, 2017accounts Bank Butte deposit insured rabobank

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I have deposit accounts at both Butte Community Bank and Rabobank. Are both of my accounts insured?

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Yes. If you opened a Butte Community Bank deposit account on or before August 20, 2010, that account will be separately insured by the FDIC for a time period (typically at least six months, depending on details concerning the deposit), up to maximum FDIC insurance limits, including any new deposits into your Butte Community Bank account. Accounts opened after August 20, 2010, are combined with all other Rabobank, N.A. accounts to determine coverage under FDIC insurance.