FDIC Insurance

What is the FDIC insurance limit for my accounts?

Your deposits at Carroll Community Bank are now fully insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC), and are therefore backed by the full faith and credit of the U.S. government. Please keep in mind, FDIC coverage depends on the type of accounts you have and the ownership of those accounts. You can learn more about FDIC coverage and how you are impacted by visiting the FDIC website. Estimate your coverage by accessing EDIE The Estimator the FDICs insurance calculator.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

FDIC Insures Your Deposit Up To $250,000

As of January 1, 2013, section 343 of the Dodd-Frank Act will expire. All transaction accounts, whether they pay interest or not, will be insured up to the standard maximum deposit insurance amount, which currently is $250,000.  The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. For additional information regarding FDIC's deposit insurance coverage use the FDIC's Electronic Deposit Insurance Estimator (EDIE) and deposit insurance publications located on the FDIC's website "Are My Deposits Insured?" In addition, you can call the FDIC at 877-ASK-FDIC (877-275-3342).

 

Deposit Rates (Annual Percentage Yield)
Personal Savings Accounts
Basic Savings .05
Power Savings .05 to .25
Kids Count Savings .05

Personal Money Markets
Classic Money Market** .05 to .40
Select Money Market .05 to .40

Personal Checking Accounts
Basic Checking .01
Advantage Checking .02
Signature Checking .02
Platinum Checking .05 to .20
Senior Checking .10
Premium Power Package Account .75

Certificate of Deposit / IRA CDs
6 Month CD .15
12 Month CD .25
15 Month CD .35
18 Month- Add On CD*** .40
24 Month CD Penalty Free .75
30 Month CD .50
36 Month CD .75
48 Month CD 1.00
60 Month CD 1.26
Statement IRA**** .30