At Mayflower Bank every deposit is insured in full. The Federal Deposit Insurance Corporation (FDIC) insures "self-directed" retirement accounts to $250,000 per owner, and each other ownership category to at least $100,000 per owner.
At Mayflower Bank every deposit is insured in full. On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.
All deposits over and above this amount are covered by the Share Insurance Fund (SIF), established by the legislature in 1934 to protect deposits in Massachusetts-chartered co-operative banks. There are no maximum account limitations or amount limiations. No one provides greater protection.
How can we help?
For more information please complete our information request form, stop by one of our offices, or call (508) 947-4343. |