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Deposit Insurance Information at Webster Five Cents Bank in Massachusetts, FDIC/DIF Member


Your deposits with Webster Five Cents Savings Bank in Massachusetts are insured by the Federal Deposit Insurance Corporation (FDIC) and through the Depositors Insurance Fund (DIF)


At Webster Five, we understand how hard you’ve worked to build your financial life. We also understand that with the recent reports of financial challenges with some banks, you may be concerned about the security of your money.

Here are five reasons why banking with Webster Five is different and why you can rest assured that your money – and your financial institution – are secure.


All deposits at Webster Five are protected by FDIC/DIF insurance.

At Webster Five, your deposits are protected by FDIC/DIF insurance. FDIC insurance protects the first $250,000 of your deposits and DIF ensures all deposits above that threshold. According to DIF, no depositor has ever lost a penny in a bank insured by both FDIC and DIF insurance.


Your deposits are backed by the financial stability of a banking institution that has been around for over 155 years.

For the past 155 years, we’ve had a long and proud track record of helping see our customers and communities through good and challenging times. From the Great Depression and Recession to the global pandemic, we’ve been right here to help people meet their goals and challenges and build stronger financial lives.


We’re a mutual savings bank, headquartered in Massachusetts.

That means we’re owned by our depositors, not stockholders, so we can always do what’s in the best interest of our customers.

“We’re proud to be consistently profitable and to put the money we earn back into making the bank stronger,” says Brian Westerlind, Treasurer & CFO of Webster Five.

So, while other financial institutions focus on paying quarterly dividends or doing stock buybacks for shareholders, we focus on meeting the long-term needs of our customers and communities.


We’re strong in numbers and in leadership.

Our experienced Board of Directors and management team have always prioritized our long-term stability and strength over short-term results. That is why we have a strong balance sheet, a consistently strong capital position, and a loyal and growing customer base that puts their trust in us year after year.

Our commitment to conservative financial management is why we have a “Superior” 5-star rating from Bauer Financial, an independent rating agency that rates and recommends financial institutions based on their financial health and performance.


We’re on a mission to make a difference.

Since we opened our doors in 1868, we’ve been on the same mission – to serve our communities in Massachusetts. “We know that we succeed when local people succeed,” says Westerlind.


Learn more about FDIC/DIF Insurance


What is FDIC/DIF insurance?

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Banking Act of 1933 to maintain stability and public trust in the nation’s banking system. FDIC deposit insurance is backed by the full faith and credit of the U.S. government, which protects depositors against the loss of insured deposits in case an FDIC-insured bank fails.

The Depositors Insurance Fund (DIF) is a private insurance fund that insures all deposits above FDIC limits. DIF insurance coverage requires no applications or special forms. This deposit insurance coverage is automatically applied to all accounts opened at a DIF member bank.


Which accounts does FDIC insurance cover?

The FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts (MMDAs), and certificates of deposit (CDs). Depositors automatically receive this insurance benefit at no cost.


How do I calculate my FDIC coverage?

Your FDIC insurance coverage can be calculated online at


Want to learn more about FDIC/DIF coverage?


Strong. Growing. And here for you – today and tomorrow.

For more information on the strength of Webster Five and the difference of banking with us, contact us online, on the phone, or at your local branch in Auburn, Dudley, Oxford, Shrewsbury, Webster, or Worcester, Massachusetts.

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