Maximize your FDIC insurance
First Foundation Bank is an FDIC-insured bank
First Foundation Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC protects your First Foundation Bank deposits up to $250,000 per depositor for each qualifying account ownership category. This means you can rest assured that your deposits are safe up to FDIC limits, no matter what’s happening in the economy. In addition, our banking team members provide their expertise to our clients regarding how to secure additional FDIC coverage—either through appropriate account titling or through programs that provide additional FDIC coverage for their deposits.
Protects your money
Standard coverage is $250,000 per depositor
You don’t have to purchase deposit insurance
How can you maximize your FDIC insurance coverage?
Add beneficiaries to your accounts
Open separate accounts for each family member
Pool your money into joint accounts
Open a custodial account for your child
Utilize an Intrafi Cash Service (ICS) account
Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE)
EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts—what's insured and what portion (if any) exceeds coverage limits at that bank.
Are my accounts covered by the FDIC?
The FDIC Covers:
- Checking accounts
- Savings accounts
- Money market deposit accounts
- Certificates of deposit (CD)
- Prepaid cards (assuming certain FDIC requirements are met)
The FDIC Does NOT Cover:
- Stock investments
- Bond investments
- Mutual funds
- Crypto assets
- Life insurance policies
- Municipal securities
- Safe deposit boxes or their contents
- U.S. Treasury bills, bonds or notes