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TCF Bank offers competitive rates without risk. Since we are a member of the Federal Deposit Insurance Corporation (FDIC), your deposits are insured by the federal government.* There is no cost to you for this insurance.
Accounts insured by the FDIC:
- Checking
- Savings
- Money market
- Certificates of Deposit (CDs)
- Certain retirement plans
Accounts not insured by the FDIC:
- Stocks
- Bonds
- Mutual funds
- Life insurance policies
- Annuities
- Municipal securities
Insurance Amounts
*The FDIC insures deposits up to $250,000 for each depositor, for each insured bank. This insurance amount is temporary, through December 31, 2013.
Temporary Liquidity Guarantee Program
Beginning July 1, 2010, TCF National Bank will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after June 30, 2010, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.
The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. It is possible to qualify for more than $250,000 in coverage at an insured bank if you own deposit accounts in different ownership categories.
To see examples of how FDIC coverage works, visit the FDIC's online Electronic Deposit Insurance Estimator website.
For more information, contact us, visit a TCF Bank location, or visit the FDIC website.
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