Your Deposits Insured in Full
When you bank at The Provident, you can feel confident that your money is safe. Why? Because we’re a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The FDIC insures each depositor to at least $250,000, but DIF insures the rest – down to the last penny!
- DIF is a private, industry-sponsored insurance fund that insures all deposits above the FDIC limit.
- DIF has been insuring deposits since 1934.
- No depositor has ever lost a penny in a bank insured by both the FDIC and DIF.
- DIF requires no applications or special forms of coverage.