What is the FDIC?

The FDIC is an independent agency of the federal government that promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails. This means that the FDIC essentially guarantees bank deposit accounts from loss, up to $250,000 per depositor.**

WTDirect Deposits are FDIC-Insured

Wilmington Trust FSB is a member of the FDIC, which means that your deposits with Wilmington Trust FSB, including your WTDirect deposits, are automatically insured to the maximum amount allowed, which is at least $250,000 per depositor through December 31, 2013.**

FDIC Insurance

The FDIC protection covers all bank deposit accounts, including checking accounts, savings accounts, money market accounts, certificates of deposit (CD's), and bank money orders and cashier's checks. However, non-bank accounts are not protected, including stocks, bonds, mutual fund investments, annuities, U.S. Treasury securities, and contents of safe deposit boxes. Retirement deposit accounts (like Roth IRA's, traditional IRA's, SEP's and Keogh's) are protected by the FDIC up to $250,000 per depositor.

How to Expand Your FDIC Coverage

Under certain circumstances, you can receive additional insurance coverage beyond the $250,000 per depositor per bank, without splitting your deposits among several banks. The FDIC offers coverage for each specific type of account ownership category (listed below):

• Individual Accounts: Bank accounts in your name only. All individual accounts at the same bank are insured by the FDIC up to $250,000 per depositor.
• Joint Accounts: Bank accounts owned by two or more individuals. Each joint owner is insured up to the FDIC maximum of $250,000.
• Trust Accounts: Adding a qualifying beneficiary to your account changes it to a Totten Trust account or Payable On Death account, which is entitled to insurance coverage up to $250,000 per qualifying beneficiary.

So you can expand your insurance coverage by diversifying the types of account ownership you have. For specific details, you can review the FDIC's policy or look at the options we've outlined and contact a WTDirect Client Care Representative at 1-800-983-4732 to discuss them in more detail.

And because banks must meet high standards relating to safety and soundness, you can rest assured that WTDirect is a safe and sound place to grow your money. To verify the FDIC insurance of WTDirect (Wilmington Trust FSB), simply visit the FDIC website and enter "Wilmington Trust FSB" into the "Name" Field, or our certification number, #33911.

At WTDirect, savers can bank on FDIC protection up to the maximum amount allowed. Please contact us for complete information about how FDIC deposit insurance safeguards your WTDirect deposits.