Deposit Insurance and What It Means for You
Renasant Bank is one of 4,703* federally insured financial institutions across the country. Since 1934, we have worked closely with the Federal Deposit Insurance Corporation (FDIC) to ensure your deposits are safe, and they are to this day. Our intentional and conservative approach to banking, along with the assurance that your deposits are insured up to $250,000, is the catalyst to serving our clients.
What is the FDIC?
The FDIC (Federal Department Insurance Corporation) is a federal government agency that insures depositors at member institutions should they fail. Deposit insurance is backed by the full faith of the United States Government.
What does having deposit insurance mean?
Deposit insurance means your deposits are automatically insured dollar for dollar up to $250,000.
Do I have to do anything to get deposit insurance?
No. From account opening, your deposit account(s) are safe at Renasant, an FDIC-insured institution.
What accounts are insured by the FDIC?
Checking, savings, money market, and certificates of deposit (CDs) accounts are insured by the FDIC.
How can I tell if Renasant is FDIC-insured?
Confirmation of our automatic deposit insurance can be found here on the FDIC’s website. You can also find the Member FDIC logo included in any communication pertaining to a deposit account.
We take your financial relationship with us seriously, and we are honored to be your financial services provider of choice.
* As of March 17, 2023