At Lee Bank, protecting your money is fundamental. That’s why your deposits are insured through both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF), providing a level of coverage that goes beyond what most banks offer.
FDIC Insurance
- The FDIC is an independent agency of the U.S. government that insures deposits at participating banks.
- Covers up to $250,000 per depositor, per ownership category
- Protects common account types like checking, savings, money market accounts, and CDs
- Automatically applied at no cost to you
- FDIC insurance is the standard level of protection offered by banks across the country.
DIF Insurance
- As a Massachusetts community bank, Lee Bank also offers additional protection through DIF.
- Covers all balances above FDIC limits
- Provides full deposit insurance with no upper limit when combined with FDIC
- Applies to the same types of accounts covered by FDIC
- Automatically included at no cost to you
What This Means for You
With both FDIC and DIF coverage, your deposits at Lee Bank are fully insured, not just up to a limit.
Whether you’re managing everyday finances or larger balances for your business, you can feel confident knowing your money is protected.
The Lee Bank Difference
This added level of protection is one of the advantages of banking locally in Massachusetts. It reflects our commitment to offering both the security you expect and the personal, relationship-based service you value.
At Lee Bank your deposits are fully insured.
FDIC covers up to $250,000, and DIF covers the rest, so your entire balance is protected.