June 9 - The Federal Deposit Insurance Corporation has announced significant new improvements to the deposit insurance education materials available on the FDIC's website, www.fdic.gov. The enhancements are designed to improve the accessibility and presentation of deposit insurance information for the general public through organizational changes as well as through the expanded use of explanatory videos and interactive infographics. The changes are designed to allow the public to quickly access basic information while still offering the in-depth and comprehensive deposit insurance information that has traditionally been available. The FDIC will also continue to offer the Electronic Deposit Insurance Estimator (EDIE), where the public can enter their bank information to determine whether their deposits are fully insured.
"Deposit insurance is a foundation of public confidence in the banking system," said FDIC Chairman Martin J. Gruenberg. "In over 80 years of operation, the FDIC has never failed to live up to our promise of protecting every penny of insured deposits. Continuing to improve public understanding about how deposit insurance works is fundamental to carrying out this important mission."
The FDIC's new deposit insurance webpage can be found at www.fdic.gov/deposit/.