When it comes to your finances, feeling secure is essential. That’s why FDIC insurance matters. At Gibsland Bank & Trust (GBT), we are proud to offer deposit accounts that are FDIC-insured, giving you peace of mind every day you bank with us.

What FDIC Insurance Covers

The Federal Deposit Insurance Corporation (FDIC) protects depositors in the unlikely event that a bank fails. It covers traditional bank accounts such as:

• Checking accounts
• Savings accounts
• Money market deposit accounts
• Certificates of deposit (CDs)

For more details, visit the FDIC Official Site.

Coverage Limits Explained

The standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. This means that you could qualify for more than $250,000 in coverage if you have different types of accounts or own joint accounts.

For example:

• Your personal checking and savings accounts can each be covered up to $250,000.
• Joint accounts are covered separately, with each co-owner getting up to $250,000 in coverage.

Explore Personal Checking or Savings Accounts at GBT to start your insured account today.

How FDIC Insurance Protects You

FDIC insurance is backed by the U.S. government. You do not need to apply for it or pay extra. If your bank were to fail, the FDIC would step in and return your insured funds—usually within a few business days.

This kind of security is one reason why FDIC-insured accounts are considered among the safest bank accounts in Louisiana.

FDIC Coverage vs. Investment Accounts

While FDIC insurance protects your deposits, it does not cover:

• Stocks
• Bonds
• Mutual funds
• Crypto assets
• Life insurance policies
• Safe Deposit Boxes

These types of investment products are not guaranteed and carry different risks. For help understanding these differences, visit the Consumer Financial Protection Bureau.

GBT’s FDIC Commitment

At GBT, we make your financial security a top priority. All of our deposit accounts—personal and business—are FDIC-insured. Whether you are a new customer or a long-time client, your money is protected.

We also offer secure and local options like:

• Business Banking accounts
• Personal and joint checking options
• High-yield savings options

Learn more about our community values and service at our About Us page.

Steps to Ensure Maximum Coverage

Here are some easy ways to make sure your money is fully protected:

• Diversify account ownership – Joint accounts qualify for separate FDIC coverage in addition to individual accounts.
• Use different ownership categories – Trusts, retirement accounts, and business accounts may qualify for their own coverage limits.
• Work with your banker – Our team at GBT can help you organize your accounts for maximum protection under FDIC rules.
• Use an ICS Sweep account – With the Insured Cash Sweep (ICS) service, large deposits are automatically divided into smaller amounts and placed across a network of FDIC-insured banks. This helps you access full coverage on multi-million-dollar balances while working directly with GBT.
• Consider CDARS – The Certificate of Deposit Account Registry Service (CDARS) allows you to enjoy the benefits of CDs while securing FDIC insurance across participating banks for amounts above $250,000. You only deal with GBT, and we manage the rest.

ICS and CDARS are excellent solutions for individuals, businesses, nonprofits, or municipalities who need to protect larger balances without opening multiple bank relationships.

Why Banking with GBT Provides Peace of Mind

Choosing a bank should come with confidence. At GBT, you’re not just choosing a place to keep your money, you’re choosing a trusted community partner. With FDIC-insured accounts, personal service, and strong security, your money is safe with us.

Frequently Asked Questions

What is FDIC insurance?
FDIC insurance protects your deposits at participating banks like GBT, covering checking, savings, CDs, and more.

How much does FDIC insurance cover per account?
It covers up to $250,000 per depositor, per insured bank, per account ownership category.

Are joint accounts covered separately?
Yes. Each co-owner receives up to $250,000 in FDIC insurance for a joint account.

Does FDIC insurance cover business accounts?
Yes, business accounts at GBT are FDIC-insured up to the same standard limits.

Is there a fee for FDIC coverage?
No. FDIC insurance is automatic and free for eligible accounts.

Does FDIC insurance cover investment products?
No. It does not cover stocks, bonds, mutual funds, or crypto.

How can I increase my FDIC coverage?
Use different account types and ownership categories. GBT bankers can help structure your accounts for full coverage.

How do I know if GBT is FDIC-insured?
GBT is an FDIC member, and all qualifying deposit accounts are insured.

What happens if a bank fails?
The FDIC steps in and returns your insured deposits, typically within a few business days.

Are online bank accounts FDIC-insured?
Yes, online accounts at GBT are insured just like those opened in-branch.