Spring Bank is an FDIC Insured Bank, meaning our customers’ deposits are insured up to $250,000. FDIC deposit insurance covers all types of deposits held at Spring Bank. If a customer holds multiple accounts at any single bank, insurance covers up to a total of $250,000 across all of the individual’s accounts within the bank.
If you have questions about your FDIC coverage, or would like to learn more about FDIC insurance and how it works, we encourage you to access the following resources or contact us directly to answer any question that you may have.