Depositors Insurance Fund

Depositors Insurance Fund (DIF) is a private, industry-sponsored insurance fund that insures all deposit accounts above Federal Deposit Insurance Corporation (FDIC) limits at its member banks in Massachusetts. Established by the Massachusetts legislature in 1934, our primary goal is to provide deposit insurance coverage to individuals, businesses, and government entities, ensuring that their deposit accounts are fully protected.

Our History

Since our inception, we have consistently demonstrated our commitment to providing exceptional deposit insurance services to our members. With a strong reputation built over the years, we have earned the trust of our customers, who rely on us to protect their deposit accounts. Our long-standing history is a testament to our dedication to excellence and our ability to adapt to the changing needs of our members.

Our Services

At DIF, we offer comprehensive deposit insurance coverage to our member banks, ensuring that deposits above FDIC limits are fully protected. Our unique combined insurance coverage, afforded by the FDIC and DIF, provides depositors with peace of mind, knowing that their deposit accounts are insured in full. We provide insurance coverage for traditional deposit accounts, including savings accounts, checking accounts, certificates of deposit, and money market accounts held by individuals, businesses, and government entities.

What We Do

We monitor the financial condition of our member banks through ongoing reviews and regular examinations, conducted in collaboration with the FDIC, the Massachusetts Division of Banks, and the Federal Reserve Bank of Boston. Our ongoing monitoring process enables us to assess the financial condition, performance, and risk profiles of our member banks and the industry as a whole. We also publish an Annual Report, which provides detailed information about our financials and operations.

Why Choose Us

As a private, industry-sponsored insurance fund, we offer a unique advantage to our members. Our combined insurance coverage with the FDIC ensures that depositors' accounts are fully protected, providing them with complete peace of mind. Our long-standing history, strong reputation, and commitment to excellence make us the ideal choice for deposit insurance coverage.