Instead, member banks pay premiums to the FDIC in exchange for being covered by the Deposit Insurance Fund (DIF). Premiums paid are used to fund the DIF. The FDIC also buys Treasury notes ...

The FDIC publishes how much money is in the DIF in its Quarterly Banking Profile ... The FDIC insures deposits at member banks up to $250,000 for a single-owner account and $500,000 for a joint ...

A private, industry-sponsored insurance fund unique to Massachusetts, DIF covers deposits above the FDIC insurance amount at DIF member institutions, regardless of the amount. It’s important to note ...