As a depositor in Zions Bank, you are entitled to know how your deposits are insured, and how the amount of insurance protection can be increased beyond $100,000 through a combination of accounts. The following questions and answers provide you with information you need to make informed decisions regarding your deposits:

Q: What is the basic amount of FDIC insured protection for each depositor?

A: The basic insured amount for each depositor is $100,000. The FDIC insurance protection is extended to deposits at Zions Bank, including savings, NOW accounts, cashiers checks, official checks, pension accounts, letters of credit, checking, certificates of deposit, money orders, IRA and Keogh accounts.

Q: How can I increase the amount of my FDIC insurance at Zions Bank beyond $100,000?

A: If your account balances exceed $100,000, there are several quick and easy ways to increase or maximize your insurance coverage. Deposits maintained in different categories of legal ownership are separately insured. So you can have more than $100,000 insurance coverage in a single institution through a combination of different categories of ownership. The most common categories of ownership are single (or individual) ownership, joint ownership, and testamentary accounts.

In addition to the FDIC insurance on your other deposits, each depositor is separately insured up to $250,000 for funds held for retirement purposes (i.e. Individual Retirement Accounts or Keoghs).

You cannot increase FDIC insurance by dividing funds owned in the same ownership category among different accounts. The type of account - whether checking, savings, certificate of deposit, or outstanding official check such as a cashier's check, or other form of deposit - has no bearing on the amount of insurance coverage. Furthermore, the use of Social Security numbers or taxpayer identification numbers does not determine insurance coverage.

EXAMPLES:

#1 $1,100,000 FDIC-Insured Deposits for a Married Couple

#2 $1,700,000 FDIC Insured Deposits for a Family or Group of Four

Q: How is FDIC insurance calculated for my family living trust?

A: Accounts in the name of a living trust, also referred to as totten, testamentary, or revocable trusts, are insured separately form any individual or jointly-owned funds of the owner(s). The beneficiaries of the trust must be the owner's living spouse, child, grandchild, parent, or sibling (adoptive and step relationships included). Each owner (or trustee) is insured to $100,000 for each entitled qualifying beneficiary. Take a look at the following example:

The Family Trust
Trustees: Husband and Wife
Beneficiaries: Their two children

NOTE: This trust states that the beneficiaries' share will pass to the beneficiaries' children if the beneficiary dies before the trustee(s). These grandchildren are not entitled to any trust assets or insurance coverage while their parent is alive.

For more information about the FDIC, please click here to visit their website.

* These illustrations also apply to other qualifying beneficiaries such as grandchildren, siblings, and parents. For other qualifying combination accounts, check with a bank representative, or ask for the FDIC brochure, "Your Insured Deposit."