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Your BankAtlantic deposits are FDIC-Insured

 Summary of Deposit Insurance Coverage
FDIC coverage calculator
Updated - May 26, 2009 

With the new FDIC coverage a married couple can be federally insured to at least $1,000,000. 

Husband's individual
account		Wife's individual
account		Their joint
account		Total amount
insured
$250,000$250,000$500,000$1,000,000

On October 3, 2008, the FDIC temporarily increased insurance coverage from $100,000 to $250,000 per depositor through December 31, 2009.  On May 20, 2009, the temporary increase in basic FDIC deposit insurance from $100,000 to $250,000 per depositor was extended through December 31, 2013. 

For more information, visit http://www.fdic.gov. 

 

Be assured that the weakness in the financial markets in no way impacts the safety of your FDIC-insured deposits; all BankAtlantic deposit accounts are FDIC-insured up to the maximum amount allowed by law.

FOR ALL DEPOSIT ACCOUNTS UP TO $250,000:
On October 3, 2008, the FDIC temporarily increased insurance coverage from $100,000 to $250,000 per depositor through December 31, 2009. 

On May 20, 2009, the temporary increase in basic FDIC deposit insurance from $100,000 to $250,000 per depositor was extended through December 31, 2013. - Updated

FOR NON-INTEREST BEARING DEMAND ACCOUNTS OVER $250,000:
BankAtlantic is participating in the Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non- interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. As of November 21, 2008, the FDIC expanded the definition of non- interest bearing transaction accounts to include NOW accounts with interest rates of 0.5 % or less and IOTAs (lawyer trust accounts). Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

FOR NON-INTEREST BEARING DEMAND ACCOUNTS OVER $250,000:
On October 14, 2008, the FDIC announced that it will be providing full coverage of non-interest bearing accounts – regardless of dollar amounts. This new, temporary guarantee expires December 31, 2009.

Visit the FDIC website (www.fdic.gov/EDIE) or talk to a banking specialist at your neighborhood BankAtlantic to learn how to maximize FDIC coverage.

FOR CUSTOMERS WHOSE DEPOSITS EXCEED FDIC COVERAGE:
The CDARS® (Certificate of Deposit Account Registry Service) program is available at BankAtlantic, which offers customers access to multi-million dollar FDIC insurance on Certificate of Deposit balances – up to $50 million per customer – when they enter into the CDARS Deposit Placement Agreement.

The Federal Deposit Insurance Corporation (FDIC), an independent federal agency, protects depositors against the loss of their insured deposits. FDIC insurance is backed by the full faith and credit of the United States government.

FDIC insurance covers all types of deposits, including checking and savings accounts, Money Market accounts and time deposits, such as Certificates of Deposit (CDs).

The basic insurance amount coverage is $250,000 per depositor, per insured bank. Certain retirement accounts, such as Individual Retirement Accounts (IRAs), are insured up to $250,000 per depositor, per insured bank. You may qualify for more than the $250,000 coverage if you own accounts in different ownership categories.

FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the applicable insurance limit – including principal and any accrued interest through the date of the insured bank's closing.

Note: the FDIC insures deposits only; it does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if these investments were bought from an insured bank.

For more information, visit http://www.fdic.gov.

Information obtained online 5/20/09 from http://www.fdic.gov.


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