Official plaque with the inscription ‘FEDERAL DEPOSIT INSURANCE CORPORATION’. The address ‘550 17th STREET’ is displayed at the bottom

Safety first: Your savings are secured in FDIC insured CDs

Quote emphasizing the security of FDIC-insured funds since 1933

What is the FDIC?

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the federal government that was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s.

The FDIC insures deposits in U.S. banks up to $250,000 per depositor as long as the institution is a member firm.

In the event of multiple bank failures at once, each depositor is insured up to $250,000 per bank.

Illustration of a bank against a light blue background

What does the TontineIRA® invest in?

Although the TontineIRA® itself is not FDIC insured, the assets within it are.

Generally each TontineIRA® will invest in a basket of CDs issued by multiple different banks.

By spreading the deposits across multiple banks, it is possible for each TontineIRA® to achieve FDIC insurance of up to $10m per member while earning interest of ~returns-FII-USD% per year.

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