Walpole Co-operative Bank provides a unique combination of coverage that automatically protects your deposits in full:
- At Walpole Co-operative Bank, every deposit is insured in full. The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.
- All deposits over and above this amount are covered by the Share Insurance Fund (SIF), established by the legislature in 1934 to protect deposits in Massachusetts-chartered co-operative banks. There are no maximum account limitations or amount limitations.
No other bank offers you greater deposit protection.
This is your Bank!
For more information about our products or services, please use our information request form or give us a call at (508) 668-1080.