What Does Fully Insured Mean?
Watertown Savings Bank customers have the added comfort of knowing their funds are fully insured. The FDIC insures all deposits up to $250,000* per depositor. All deposit amounts above the FDIC limits are insured in full by the Depositors Insurance Fund (DIF).
*This is the revised limit enacted on October 3, 2008 and is in effect through December 31, 2009.
To help you understand your coverage further, below are two important links. The first is to the FDIC. It will provide you with a tool that will disclose how much of your money at Watertown Savings Bank is covered by FDIC.
www.fdic.gov/edie/
The other link is to the DIF site. You can see some frequently asked questions and answers, a list of member banks and the current annual report.
www.difxs.com
As always, the WSB Information Desk is available to answer any questions you may have. Email them at
support@watertownsavings.com (do not include any account numbers or other confidential information) or call 617-928-9000.
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