Deposit Account Insurance Information

Your deposits at Winchester Co-operative Bank are insured in full with the combined coverage of the FDIC and the Share Insurance Fund (SIF). A summary of coverage for these funds is provided below.


The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U. S. financial system by insuring deposits in member banks and thrift institutions. Winchester Co-operative Bank is a member of the FDIC. FDIC insurance covers deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit up to the standard insurance amount which is $250,000 per depositor, per insured bank, for each account ownership category.

The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership categories and all FDIC requirements are met. (For details on the requirements, go to FDIC Deposits)

Share Insurance Fund (SIF)

Winchester Co-operative Bank is also a member of the Share Insurance Fund (SIF) of The Co-operative Central Bank. This fund provides protection for every deposit you make in Winchester Co-operative Bank above the FDIC deposit insurance limits in full, dollar-for-dollar, without restriction. This includes deposits and accumulated interest in savings accounts, checking and interest-bearing transaction accounts, money market accounts, and term deposit accounts such as certificates of deposit. This protection is provided by a unique combination of coverage provided by the FDIC and the Share Insurance Fund of The Co-operative Central Bank (SIF).

Please talk to any of our Deposit Specialists if you have questions regarding insurance of your deposits accounts, or call us at 781-729-3620.