We Are Proudly A Minority Owned Institution

  Personal Banking
   
  Business Banking
   
 
   
  Mortgage Loan
   
  Kid's Central
   
  Online Banking
   
  Resource / Links
   
  Identity Theft
   
  On-line Safety
   
 
   
  About Us
   
  Contact Us
   
  Community Events
   
 
 

Your Central Bank deposits are FDIC-Insured.

FDIC Calculator 

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.

To ensure funds are fully protected, depositors should understand their deposit insurance coverage limits. The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.

Basic FDIC Deposit Insurance Coverage Limits*


Single Accounts (owned by one person)

$250,000 per owner**

Joint Accounts (two or more persons)

$250,000 per co-owner**

IRAs and certain other retirement accounts

$250,000 per owner

Trust Accounts

$250,000 per owner per beneficiary subject to specific limitations and requirements**

 * These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each FDIC-insured bank. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.

Central Bank
Home     |     Privacy     |     Miscellaneous Fee Schedule     |     Security     |     Internet Gambling Enforcement     |     USA Patriot Act Info.     |      Online Banking     |     Personal BankingBusiness Banking     |     Kid Central      |      About Us     |     Contact Us
Resources / Links     |     Calculators