Needham Bank deposit products:
Our Extended FDIC Insurance program uses a trusted network of participating financial institutions to extend your coverage:
Extended FDIC insurance can be especially valuable for:
What You Can Expect
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.
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.
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.