The FDIC is an independent agency of the US Government that was established in 1933 to insure bank deposits. Your deposits are backed by the full faith and credit of the United States.

FDIC deposit insurance has permanently increased to $250,000 per depositor.

Notice of changes in temporary FDIC insurance coverage for transaction accounts:

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31,2010, through December 31,2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit account that may earn interest, NOW accounts, and money-market deposit accounts.