Safe & Secure

Concerned about the safety of your IRA, retirement or trust account? Investments in certificates of deposit, money market or other bank deposits are insured subject to FDIC coverage limits.

Deposit Insurance

Bank deposits held in your accounts in the Trust Department are covered by FDIC insurance subject to coverage limits. FDIC insurance does not cover other financial products, such as: stocks, bond, mutual fund shares, life insurance policies, annuities or securities. The standard insurance amount is $250,000.

FDIC deposit insurance coverage is available up to $250,000 for the non-contingent, ascertainable interest of each beneficiary in an irrevocable trust and each plan participant in a directed employee benefit plan account, such as a 401(k). For revocable trust accounts, the limit is $250,000 per owner per beneficiary up to five beneficiaries (more coverage available with six or more beneficiaries subject to specific limitations and requirements). Certain retirement accounts (including IRAs, self-directed defined contribution plans) have a separate $250,000 per owner FDIC insurance coverage limit. This insurance coverage is separate from the coverage on your checking, savings, money market deposit and certificate of deposit accounts held at First Western Bank & Trust outside of your retirement or trust accounts. For more information on FDIC deposit insurance, go to

Trust Department

Contact our Trust Services Department today to discover how we can help you get started.

Phone: 701.857.7150

First Western Bank & Trust