ESI Excess Share Insurance
We are pleased to inform you that your deposit accounts at Access are insured at double the amount the NCUA covers your account for. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance Corporation (ESI). This additional coverage is automatically placed on all covered accounts and comes at NO cost to you.
You can’t have too much of a good thing
The following deposit accounts have Double Deposit Insurance:
- Savings
- Certificates of Deposit
- Money Markets
- IRA’s
- IRA CD’s
Examples
If you have a single-owner savings account, the NCUA will insure your deposits up to $250,000. With our partner, ESI, that insurance is matched which means you are insured up to $500,000.
If you have a joint account, meaning both owners have $250,000 worth of coverage from the NCUA totaling $500,000 worth of coverage, that is also matched meaning there is now $1,000,000 worth of coverage.
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