FDIC Insurance: Know the Facts.

With the uncertainty of the past few years, it is important to understand FDIC rules and regulations. Knowing your accounts are protected can provide the peace of mind needed in turbulent markets. 

  • Frontier Bank is insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States Government, created to help maintain safe and sound conditions in our nation's banking system. The FDIC receives NO tax funding. It is supported solely by financial institutions.
  • The overwhelming majority of the banks in the United States are considered “safe and sound.”
  • Insured account types include the following:
  • Checking Accounts 
  • Savings Accounts 
  • Time Accounts (CDs) 
  • Money Market Savings Accounts 
  • Deposit accounts (such as CDs and Savings Accounts) held in IRAs and other retirement accounts 
  • Frontier Bank outstanding Cashier's Checks, Money Orders, Loan Disbursement Checks, and Interest Checks 
  • FDIC Insurance is $250,000 per depositor, per insured financial institution.
  • FDIC insurance coverage may be for more than the $250,000 limit, depending on category of ownership. For a more comprehensive review of your coverage limits, contact a Frontier Bank representative.
  • NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. For more information about the end of temporary FDIC insurance coverage of transaction accounts, see your Frontier Bank representative or visit

Certificate of Deposit Registry System (CDARS)

  • Designed specifically for accounts over $250,000.
  • With CDARS, you sign one agreement with Frontier Bank.
  • You earn one interest rate, receive one regular bank statement, and one tax document.
  • FDIC insurance increases to include deposits of up to $50 million.

How does it work?

When you place a large deposit with Frontier Bank, the bank uses the CDARS network to disburse your funds to other banks participating in the CDARS network. Frontier Bank can offer CDARS because we are members of the nation's preeminent CD network. Distributing deposits across participating CDARS network banks gives you access to FDIC insurance coverage over the normal $250,000 insurance limit, yet you gain the convenience of working directly with just one bank, a bank you already know and trust.

You can learn more about CDARS at:

To review the FDIC's opinion letter on CDARS click here.

Additional questions? For a comprehensive review of your FDIC insurance coverage, contact a Frontier Bank representative today.