Protected by FDIC and NCUA:
Your financial security guaranteed.
Deposit Insurance
Simply explore, compare, and select the options that best suit your goals, transfer funds with confidence, and receive instant confirmation. With us, achieving your financial aspirations has never been so straightforward and secure.
What is Deposit Insurance?
Federal deposit insurance provides coverage for cash savings held by banks and credit unions on behalf of their customers and members. This protection is offered by two main agencies: the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA).
If a financial institution supported by these agencies becomes insolvent and cannot honor the deposits it holds, the FDIC and NCUA step in to reimburse those individuals for their losses, dollar-for-dollar. The coverage limit is generally $250,000 per depositor, per institution, per account ownership category.
FDIC and NCUA insurance are backed by the full faith and credit of the U.S. government. According to the FDIC, no depositor has lost any FDIC-insured funds since 1933. Similarly, the NCUA reports that no credit union member has lost any insured savings at a federally insured credit union.
This makes holding cash in a bank or credit union with federal deposit insurance much safer compared to investing in stocks, bonds, or other assets without institutional protection against the loss of principal.
YieldsHorizon's commitment to security:
YieldsHorizon collaborates with federally insured banks and credit unions, ensuring your savings are protected up to the applicable limits.
All deposit balances on the YieldsHorizon platform are held at federally insured financial institutions. YieldsHorizon has established a unique network of banks and credit unions offering some of the most competitive savings products and rates available. A key requirement for any institution to join the YieldsHorizon network is federal deposit insurance backing. Each participating bank is a member of the FDIC, and each credit union is insured by the NCUA. This ensures that all savers using YieldsHorizon have the security and peace of mind that their savings are protected.
How Does Deposit Insurance Work?
FDIC Insurance
For YieldsHorizon customers with savings products from partner banks, funds are insured through the FDIC's Deposit Insurance Fund (DIF) up to the legal maximum permitted at each bank where the funds are held.
The standard FDIC insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per account ownership category. The FDIC defines ownership categories to include single accounts (owned by one person) and certain types of trust and retirement accounts (e.g., IRAs).
All deposits at a bank—whether made through YieldsHorizon or not—count towards the deposit insurance limit. If the total funds held at a bank in a specific ownership category exceed the coverage limit, the amount above the limit will not be insured. Thus, if your individual savings account(s) at a bank exceed $250,000, you would be at risk for the amount over $250,000 in the rare event of the bank's failure.
For more details about FDIC insurance, visit fdic.gov.
NCUA Insurance
For YieldsHorizon customers with savings products from partner credit unions, funds are insured by the National Credit Union Administration (NCUA) through its National Credit Union Share Insurance Fund (NCUSIF). Each credit union member is insured up to $250,000 per depositor, per insured credit union, per ownership category.
The NCUSIF provides the same level of federal protection for credit union members as the FDIC does for bank depositors. Ownership categories include single, joint, trust, and certain retirement accounts (e.g., IRAs). Deposits made through USA Horizon or directly with the credit union count toward this limit. In the rare event of a credit union failure, the NCUA typically reimburses insured members promptly, ensuring confidence and stability across the credit union system.
For more information about NCUA insurance, visit ncua.gov.
How Are FDIC and NCUA Insurance Funded?
What are the sources of funding for these agencies in case they need to cover an insured institution?
The FDIC's Deposit Insurance Fund is financed through premiums paid by insured banks and earnings from its investments in U.S. Treasury securities. Federal or state tax revenues do not contribute to the Deposit Insurance Fund. Similarly, the NCUSIF's funding comes from capitalization deposits from insured credit unions, guarantee fees, premium payments, and investments in U.S. Treasury securities.
All Deposit Balances on the YieldsHorizon Platform Are Held at Federally Insured Financial Institutions
YieldsHorizon has established a network of banks and credit unions that offer highly competitive savings products and rates. A crucial criterion for joining the YieldsHorizon network is that the institution must be backed by federal deposit insurance. Each bank in the YieldsHorizon network is an FDIC member, and each credit union is covered by NCUA insurance, ensuring that all savers using YieldsHorizon can have confidence in the security of their savings.
Protect Your Savings with YieldsHorizon
At YieldsHorizon, your financial security is our top priority. By partnering with federally insured banks and credit unions, we ensure that your savings are safeguarded under the robust protection of FDIC and NCUA insurance. With our network of reliable financial institutions, you can rest assured that your funds are secure and earning competitive interest rates.
Contact Us
Have questions or need assistance? Our dedicated support team is here to help. Contact us at [contact information] or visit our FAQ section for more information.
FAQs
Have a question? We're here to help.