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How are the funds in my Savings Accounts protected?

Any funds you deposit in your Savings Accounts are held by Sutton Bank, which means your funds are fully insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.

This means that then if Sutton Bank was to fail you are guaranteed by the FDIC to receive back any eligible deposits you have made with that particular bank (through Savings Accounts or otherwise) up to $250,000.

The total value of deposits that the FDIC covers and your eligibility for coverage may change from time to time. You can read more about FDIC protection from the FDIC’s website.