Individual Retirement Account

In 2006 the insurance coverage increased
for IRA deposits to $250,000.00.
In 2010 the insurance coverage permanently
increased to $250,000.00 on all other ownership categories for each account. It is important to remember that the  amount of deposit insurance a depositor has with each bank is determined by “ownership”. Each “ownership” is insured separately, so individuals who have deposit accounts with different “ownerships” can multiply coverage many times. Stop by to see us and find out how you can benefit from separate ownerships.