Deposit Protection
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At Needham Bank you can save with confidence, knowing your deposits are insured in full.
The Federal Deposit Insurance Corporation (FDIC) insures the first $250,000 of “self-directed” retirement accounts. FDIC deposit insurance was temporarily increased from $100,000 to $250,000 for all other ownership categories through December 31, 2013. The Share Insurance Fund (SIF) of The Co-operative Central Bank insures all deposits above these amounts. For more information, please speak with a Needham Bank representative by calling (781)-444-2100.
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