Deposit Insurance

The FDIC insures all deposits up to $250,000 per depositor. All deposits above these amounts are insured by the DIF.

Both the FDIC and DIF have been insuring bank deposits for more than 50 years. The DIF is the oldest, largest and strongest state-chartered deposit insurer in the nation, including Federal agencies.

State-chartered savings banks in Massachusetts, and particularly Belmont Savings, are known and respected places for your savings. With the added safeguards of the DIF, they're also the safest.

That's why it's important to bank in a state-chartered savings bank where you see the seal "Deposits Insured in Full."'

If you would like further details regarding FDIC or DIF insurance, please call or visit any of our branch offices - or visit our Contact Us page to request more information. Find out more information at www.fdic.gov and www.difxs.com

BELMONT SAVINGS CUSTOMERS WILL CONTINUE TO HAVE THEIR DEPOSITS INSURED IN FULL THROUGH A COMIBATION OF DEPOSIT INSURANCE FROM THE FDIC AND THE DEPOSITERS INSURANCE FUND (DIF)

Please contact us at 617-484-6700 if you have any questions questions.

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest bearing transaction account (including an Interest on Lawyer Account) no longer will recieve unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depositor institution, including all noninterest-bearking transaction accounts, will be insured by FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance owenrship category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts click here .