Safe, Sound and Secure

All Deposit Balances are 100% Insured

Savers Bank provides depositors with peace of mind for the security of their savings with the bank. In addition to FDIC Insurance customer deposits are fully covered under Depositors Insurance Funds (DIF). DIF is a private, industry-sponsored insurance fund that insures all deposits above Federal Deposit Insurance Corporation (FDIC) limits. DIF has been insuring deposits since 1934. All DIF member banks are also members of the FDIC. The FDIC insures each depositor to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). The combination of FDIC and DIF insurance provides our customers with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF. DIF insurance coverage requires no applications or special forms. Depositors automatically receive this added insurance benefit at no cost whenever they make a deposit to a new or existing account at a DIF member bank.

Financial Stability and Strength with 5-Star Superior Rated

Savers Bank is one of the strongest community banks in the country. We have been serving consumer and business customers with financial services since 1910. We pride ourselves on being awarded the Bauer independent bank 5-Star rating based on financial performance for the recent fiscal year. Earning a 5-star rating indicates that we are a safe, financially sound bank. Earning and maintaining this top rating gives us the added title of "Best of Bauer Bank," a status reserved for institutions that have earned Bauer's highest rating consistently for 100 (or more) consecutive quarters.

BauerFinancial, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded.

This rating indicates that Savers Bank is one of the strongest banks in the nation.

Common DIF Questions and Answers

Q: Are all types of deposit accounts fully insured in a bank providing both FDIC and DIF insurance?

A: Yes. All types and classes of deposit accounts, both personal and business, are covered including savings accounts, checking and NOW accounts, certificates of deposit (CDs), money market deposit accounts, and retirement deposit accounts.

Q: I am a depositor at an out-of-state branch of a DIF member bank. Are my deposits covered by DIF insurance?

A: Yes. Several DIF member banks have branches in neighboring states. As a depositor in a DIF member bank, your deposits are fully insured. DIF coverage is not affected by where a depositor resides or where a member bank branch is located.

Q: Are there any forms, applications, or special account titles required to receive full deposit insurance?

A: No. There are no forms, applications, or special account title requirements. Full deposit insurance protection works simply. You automatically receive this added insurance benefit when you make any deposit at a DIF member bank.

Q: Does the DIF insure investments in bank mutual funds or annuities?

A: No. Both the FDIC and the DIF insure only bank deposits, and do not insure bank mutual funds or annuity products.

Q: How financially strong is the DIF?

A: No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.

The DIF has approximately $500 million in assets. During the recession of the early 1990s, the worst financial period in the history of the Massachusetts savings bank industry, the DIF paid out more than $50 million to protect over 6,500 depositors in 19 failed member banks. Yet the DIF emerged from this period financially stronger than before the recession began.

Q: Is the DIF a federal or state agency?

A: The DIF is a private, industry-sponsored insurance company and is not backed by the federal government or the Commonwealth of Massachusetts.

Q: Is the DIF subject to any form of regulatory scrutiny?

A: Yes. The DIF is examined annually by the Massachusetts Division of Banks and audited by an independent auditor.

For more information, select any of the links below.

DIF https://www.difxs.com/DIF/Home...

FDIC https://www.fdic.gov

Bauer Financial https://www.bauerfinancial.com

Learn more about FDIC Insurance by clicking on the video below: