Member FDIC. You may have seen it in a branch or on documents you receive from Sterling but ever wonder what
it really means?
Sterling’s ability to use the term “Member FDIC” indicates Sterling has met the FDIC’s high standards for
financial strength and stability. And that our deposits are backed, not only by Sterling’s solid financial
performance, but are FDIC insured.
What is the FDIC?
The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States Government. They,
along with other Federal and state regulatory agencies, regularly review all FDIC insured banks such as Sterling,
to ensure standards are met. It’s also the FDIC’s roll to preserve and promote the public confidence in the U.S.
financial system by insuring deposits in bank and savings institutions.
Why is FDIC Insurance important to you?
FDIC insurance protects deposits, dollar for dollar, including principal and accrued interest, from loss up to the FDIC insurance limit. Types of deposits it covers include checking, NOW and savings accounts, money market accounts, individual retirement accounts (IRAs) and certificate of deposits.
Want to learn more about FDIC Insurance?
Click here for additional information on FDIC Insurance coverage, contact your local Sterling branch or visit the following FDIC resources today:
FDIC Consumer News Articles
FDIC News articles offer helpful hints, quick tips, and common-sense strategies to protect and stretch your hard-earned dollars.