Needham Bank deposit products:

Extended deposit insurance

Extended FDIC Deposit Insurance Protection

Protect more of what you have built without added complexity

At Needham Bank, Your Financial Security is Our Priority.

That is why we offer Extended FDIC Deposit Insurance Protection, designed to provide coverage beyond standard FDIC limits while keeping your banking simple and seamless. You can keep all your balances in one place with coverage available across Personal and Business Money Market Accounts.

What is Extended FDIC Insurance?

How it Works

Our Extended FDIC Insurance program uses a trusted network of participating financial institutions to extend your coverage:

Key Benefits of Extended Deposit Insurance

Who Benefits from Coverage Beyond FDIC Limits?

Extended FDIC insurance can be especially valuable for:

What You Can Expect

Protect More of Your Deposits

If you maintain balances above standard FDIC limits, extended FDIC deposit insurance protection can help you keep more of your money protected while simplifying how you manage it.

Talk with a treasury or deposit specialist at Needham Bank to learn how extended deposit insurance can help safeguard your funds.

Frequently Asked Questions

Yes. Funds placed through our expanded FDIC deposit insurance protection program are deposited only with institutions insured by the Federal Deposit Insurance Corporation.

Each portion of your funds remains protected by FDIC insurance up to the allowable limit at each participating bank, allowing you to safely maintain balances that exceed the traditional FDIC insurance threshold.

Get Started

Talk to a Needham Bank representative to learn more about Extended FDIC Deposit Insurance Protection.

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*The ability for your total balance to be fully insured may be affected by accounts you hold at participating financial institutions where your deposits are placed.