Deposits Insured In Full.
By banking with Berkshire Bank, you'll enjoy
the protection and peace of mind that comes from
total deposit insurance. We are a member of both
the Federal Deposit Insurance Corporation (FDIC),
which insures depositors up to $100,000 and as
a Massachusetts chartered savings bank, we are
also members of the Depositors Insurance Fund
(DIF), which insures all deposits and interest
not covered by the FDIC, without limit, without
exception. You are guaranteed total protection
for all of your money. In fact, no depositor in
a Massachusetts chartered savings bank has ever
lost a single penny of deposits or interest since
the DIF was established in 1934.
Federal Deposit Insurance Fund (FDIC)
The FDIC was created by Congress in 1933 and
protects depositors' funds in the event of the
financial failure of their bank or savings institution.
FDIC also does not insure Non-Deposit Investment
products (such as Stocks, Mutual Funds, and Annuities)
that may be sold at a bank or savings institution.
FDIC-Insured Accounts
- Checking Accounts (including money market deposit
accounts)
- Savings Accounts (including passbook accounts)
- Certificates of Deposit
- Retirement Accounts (consisting of cash on deposit
at a bank or thrift)
Not FDIC-Insured Accounts
- Investments in mutual funds (stock, bond or money
market mutual funds),
whether purchased from a bank, brokerage or dealer
- Annuities (underwritten by insurance companies,
but sold at some banks)
Depositors Insurance Fund (DIF)
The Depositors Insurance Fund (DIF) is a private,
industry-sponsored excess deposit insurance company.
It insures all deposits above the Federal Deposit
Insurance Corporation's (FDIC) $100,000 per depositor
limit in 73 Massachusetts chartered savings banks.
All banks that are members of the DIF are also
members of the FDIC. DIF deposit insurance is
backed solely by its own assets. Neither the Commonwealth
of Massachusetts nor the U.S. Government has any
liability for the obligations of the DIF.
For more information about deposit
insurance coverage contact us, stop into your
nearest Berkshire Bank office or visit the following
websites.
Electronic
Deposit Insurance Estimator (EDIE)
Federal
Deposit Insurance Corporation (FDIC)
Depositors
Insurance Fund (DIF)
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