Transaction Account Guarantee Program

How much insurance coverage does the FDIC provide?

As of July 2010, the amount of insurance coverage of $250,000 is now permanent.  Single Accounts (owned by one person): $250,000 per owner. Joint Accounts (two or more persons): $250,000 per co-owner.  IRAs and other certain retirement accounts: $250,000 per owner.  Revocable trust accounts: Each owner is insured up to $250,000 for the interests of each beneficiary, subject to specific limitations and requirements.

*These deposit insurance coverage limits refer to the total of all deposits that account holders have 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.

FDIC insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account, savings account, money market deposit account (MMDA) or time deposit such as a certificate of deposit (CD).

FDIC insurance covers depositors' accounts at each insured bank, dollar-for-dollar, including principal and any accrued interest through the date of the insured bank's closing, up to the insurance limit.

The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments are purchased at an insured bank.

The FDIC does not insure safe deposit boxes or their contents.

Community National Bank was founded in 1984 on the premise that it could offer superior banking services to the community at a reasonable price while providing a competitive return to its shareholders. TWENTY-SIX years later this philosophy remains the same. In today's market, it is essential to provide quality products and services that are delivered in a professional and friendly manner. We emphasize customer service on a personal level; we know our customer and more importantly, they know us! More...