Get the most from FDIC insurance coverage.


Learn more about FDIC coverage on your accounts

CIT Bank, N.A. is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposit accounts are insured up to $250,000 per depositor, for each account ownership category.*

Here are a few common questions regarding FDIC insurance:

What does FDIC deposit insurance cover?

FDIC deposit insurance covers deposits received at CIT Bank, including savings and time deposits, such as certificates of deposit. FDIC deposit insurance covers the balance of each depositor’s account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest.

What is the FDIC insurance limit?

The FDIC insurance limit is $250,000 per depositor for each account ownership category. Visit the FDIC website for more information.

What is not covered by the FDIC?

The FDIC does not insure investments in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you bought these products from an insured bank. The FDIC does not insure US Treasury Bills, Savings Bonds or Treasury Notes.

Get to Know EDIE – The Insurance Coverage Estimator:

The FDIC has created the Electronic Deposit Insurance Estimator (EDIE) to assist you in calculating the FDIC insurance coverage on your accounts. By using EDIE, you can easily determine if your deposits are within or exceed FDIC coverage limits. To access the EDIE calculator, click here or you may contact the FDIC at 877-275-3342 to discuss your FDIC coverage or any questions you may have regarding FDIC insurance.

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Product
APY**
Minimum balances
Available as IRA
Available as Custodial
APY**
Minimum balances
Available as IRA
Available as Custodial