FDIC increase to $250,000 is permanent
You can enjoy peace of mind knowing that your accounts at Peoples Federal Savings Bank are insured up to $250,000 per depositor by the Federal Deposit Insurance Corporation (FDIC).
The temporary increase in FDIC insurance coverage from $100,000 to $250,000 per depositor had an initial deadline of December 31, 2010, and then an extended deadline to carry the increased coverage through December 31, 2013. Now, the $250,000 coverage provided by the FDIC is permanent. This includes deposits and accumulated interest in savings accounts, checking, and interest-bearing transaction accounts, money market accounts, and term deposit accounts such as certificates of deposit.
For more information, please contact us if you have any questions about our deposit insurance. You can use our information request form, or give us a call at (617) 254-0707.