Inspired by your peace of mind, at CSB all of your deposits are fully insured.
By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. Please click here for more information.
At Cambridge Savings Bank, deposits are fully insured.
All deposits above the FDIC limits noted above are insured in full by the Depositors Insurance fund, a private, industry-sponsored insurance fund. This combination of FDIC and DIF insurance provides CSB customers with full deposit insurance on all of their deposit accounts, regardless of ownership category. No depositor has ever lost a penny in a bank insured by both the FDIC and DIF.