Personal Banking


This page provides basic information and links to resources and tools about FDIC Deposit Insurance. In addition, you may contact any Eastwood Bank office for information. We welcome your questions and the opportunity to maintain your confidence.

FDIC Deposit Insurance

The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC’s creation in 1933, no depositor has ever lost even one penny of FDIC-insured funds.

Insuring your Deposits

To learn more, go to Insuring your Deposits for answers and
information about:

What is the FDIC?
Why is the FDIC important to you?
Basic insurance amount is $250,000
Coverage over $250,000

  • You may qualify for more than $250,000 in coverage at one insured bank if you own deposit accounts in different ownership categories.
  • Common Ownership Categories

Calculating your Insurance Coverage

To calculate insurance coverage on your deposits, use the FDIC’s
online Electronic Deposit Insurance Estimator (EDIE). It’s an
interactive, easy-to-use, application to help you calculate the insurance coverage of your accounts and to learn more about deposit insurance.

CDARS (Certificate of Deposit Account Registry Services)

If your deposit balances exceed the amount that can be FDIC insured in one bank, consider the benefits of CDARS (Certificate of Deposit Account Registry Services) through Eastwood Bank. We will place your funds in CDs issued by other banks in the CDARS network in amounts less than $100,000 to ensure full FDIC insurance coverage on your principal and interest.

  • Extended FDIC coverage. Your total balance over $100,000 –
    as high as $1 million or more – can be FDIC-insured.
  • Simplified account management: Save the time and expense
    of negotiating, tracking, and managing CDs at multiple banks.
    Sign one agreement and receive consolidated statements.
  • Competitive Interest Rate: Rates available through CDARS compare favorably with other high-quality, fixed-income investment returns.
  • Contact any Eastwood Bank Personal Banker about CDARS.

Other Questions?

If you have more questions or want personal assistance, please contact us. We welcome your questions the opportunity to serve you.

Call Eastwood Bank Customer Service: 888-810-0659 (toll free)
E-mail Eastwood Bank Customer Service
Call or visit any Eastwood Bank office location

For direct contact with the FDIC:

Call toll-free 1-877-ASK-FDIC (1-877-275-3342)
Monday through Friday from 8 a.m. until 8 p.m. (Eastern Time)

Hearing Impaired Line: 1-800-925-4618