The FDIC + DIF Insurance Difference
At Eagle Bank, your deposits are fully insured—backed first by the Federal Deposit Insurance Corporation (FDIC) and then by the Depositors Insurance Fund (DIF). That means every dollar you deposit is protected. No limits, no worries.
What Does That Mean?
The FDIC is a federal program that insures deposits up to $250,000 per depositor, per account type. At Eagle Bank, that’s just the starting point. We go further.
As a member of the Depositors Insurance Fund (DIF), a Massachusetts-based fund, we provide full insurance on all deposits above the FDIC limit. Together, FDIC and DIF coverage ensure every penny you deposit with us is protected.
How it works
FDIC automatically covers the first $250,000 of your deposits.
DIF then covers every dollar beyond that.
There are no applications, fees, or action required.
Coverage is automatic and free for all depositors.
Why It Matters
Whether you’re a saver, a business owner, or managing family finances, knowing your money is 100% protected provides real peace of mind. This level of coverage isn’t available at all banks—it’s part of our commitment to your financial security.
FAQs
Is DIF the same as FDIC?
No. The FDIC is a federal program; DIF is a separate, Massachusetts-based fund that adds protection after FDIC coverage is maxed out.
Do I have to sign up for FDIC or DIF coverage?
No. Both FDIC and DIF insurance apply automatically when you bank with us.
Does this apply to business and personal accounts?
Yes. All deposit types at Eagle Bank are covered.
Do I have to live in Massachusetts for this coverage?
No. As long as your deposits are with Eagle Bank, they are fully insured no matter where you live.