How do I protect my balances? How does FDIC coverage work?

The FDIC—short for the Federal Deposit Insurance Corporation—is an independent agency of the United States government. The FDIC protects depositors of insured banks located in the United States, including NSB, against the loss of their deposits if an insured bank fails. FDIC insurance covers depositors' accounts at each insured bank, dollar-for-dollar, including principal and any accrued interest through the date of the insured bank's closing, up to the insurance limit. Learn more at fdic.gov.