Helm Bank USA

FEDERAL DEPOSIT INSURANCE CORPORATION


The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government and was created in the Glass-Steagall Act of 1933. The FDIC preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for up to $250,000 per depositor, per insured bank, for each ownership category by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.


Helm Bank USA is a member of the Federal Deposit Insurance Corporation (FDIC).



What is insured by the FDIC?


The FDIC covers all types of deposits held at Helm Bank USA, including checking accounts, NOW accounts, money market accounts and certificate of deposit up to the maximum deposit insurance amount ($250,000) per depositor, per insured bank, for each account ownership category.



What are the FDIC coverage limits*?


Single Accounts (owned by one person with no beneficiaries): $250,000 per owner


Joint Accounts (two or more persons with no beneficiaries): $250,000 per co-owner


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



Do you still have questions?


Call FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00 a.m. until 8:00 p.m. (EST), Monday through Friday, or 9:00 a.m. until 5:00 p.m. (EST), Saturday and Sunday, or contact them online at www.fdic.gov





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