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MidCountry Bank is a member of the Federal Deposit Insurance Corporation (FDIC)
- The FDIC developed a website to help consumers learn more about deposit insurance. In fact, using this page allows you to determine your coverage.
- No one has ever lost a penny in an FDIC-insured account
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What is insured by the FDIC?
- All types of deposits held at MidCountry Bank are covered by FDIC insurance including:
- Checking Accounts
- Savings Accounts
- Money Market Deposit Accounts
- Certificates of Deposit
- Deposit accounts (such as CDs and Savings Accounts) held in IRAs and other retirement accounts
- Outstanding Cashier's Checks, Money Orders, Loan Disbursement Checks, Interest Checks and Drafts issued by MidCountry Bank
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What amount of insurance coverage do I have for my accounts?
As of July 1, 2010:
MidCountry Bank will no longer participate in the FDIC's Expanded Insurance Program. After June 30, 2010, funds held in non-interest bearing transaction accounts will be no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general deposit insurance rules.
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For more information:
- You can call FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00 am until 8:00 pm (Eastern Time) or contact them online at www.fdic.gov
- Visit Your local branch or call customer service at 1-877-874-7376 for more information
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MidCountry Bank also offers a range of investment accounts that do not qualify as deposits and are therefore not covered by FDIC insurance.
- Examples of non-deposit investment products that are not covered by FDIC deposit insurance include:
- Investments in mutual funds
- U.S. Treasury bills, notes, and bonds
- Annuities
- Stocks, bonds, or other securities
- Contents of a Safe Deposit Box
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