Is my money insured by the FDIC?

Yes, your money deposited with Dime Savings Bank is insured by the FDIC. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects customers' deposits in the event of a bank failure. The FDIC provides deposit insurance coverage up to $250,000 per depositor, per account ownership category. This means that if Dime Savings Bank were to fail, your deposits would be protected and you would be reimbursed up to the insurance limit. Rest assured that the FDIC has successfully safeguarded deposits for over 80 years and continues to provide financial stability and confidence to depositors across the country.