Deposit Insurance Information
FDIC
Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.)Transaction Account Guarantee Program
Sound Community Bank has elected to participate in the Transaction Account Guarantee Program offered by the FDIC. This means that all funds held in Sound Community Bank Checking Accounts are guaranteed in full by the FDIC. This program is valid through December 31, 2009.
Special Programs for Large Depositors
Sound Community Bank continues to be your safe and reliant provider of financial services. It's always smart to keep your funds in a well-capitalized, highly-rated and well-managed bank. We appreciate your confidence in us and we want to make sure your money is insured, especially those with deposits of more than $250,000. We look forward to working with you to maximize your insurance coverage and are proud to offer large depositors the following special programs:
Account Ownerships
Maximize your FDIC insurance coverage by properly structuring your account ownerships. Speak with us today to see how we can help you structure your accounts for additional coverage.
CDARS®
CDARS® is the Certificate of Deposit Account Registry Service®. It's the most convenient way to enjoy full FDIC insurance on deposits of up to $50 million. With CDARS, you sign one agreement with Sound Community Bank, earn one interest rate, and receive one regular statement. It's that easy. Your deposits are entirely FDIC insured. CDARS is the perfect solution for large depositors.
Click here for more information on CDARS
Additional Programs
Other Programs for large depositors who have excess uninsured funds are available. To find out more about special programs for large depositors please speak with a Customer Service Representative at any Sound Community Bank branch.
Sound Community Bank Ratings
Visit these sites to see how our bank and others are rated.
