Have you ever wondered how much of your money is insured and what portion (if any) exceeds coverage limits at the bank? If so, you should take advantage of the FDIC’s Electronic Deposit Insurance Estimator (EDIE).
EDIE informs consumers and bankers on how the insurance rules and limits apply to a depositor’s specific group of deposit accounts. In doing so, EDIE calculates and prints the insurance coverage for personal, business and Government accounts for each individual.
EDIE can be used to calculate the insurance coverage of all types of deposit account offered by an FDIC-insured bank, including:
- Checking Accounts
- Savings Accounts (both statement and passbook)
- Money Market Deposit Accounts (MMDAs and Certificates of Deposit (CDs)
EDIE should NOT be used for investments, including:
- Mutual Funds
- Any investment that is not a deposit
Use EDIE Now!