Consumer Awareness
At Stock Yards Bank & Trust Co., we have no higher priority than the security and privacy of your financial information while providing exceptional customer service.
Following are some topics of which we would like to keep you informed:
Fraud & Scams
Click Here for updated information on the most recent scams we've been made aware of.
FDIC Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.
There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.
To ensure funds are fully protected, depositors should understand their deposit insurance coverage limits. The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and deposit accounts in the name of a trust.
Basic FDIC Deposit Insurance Coverage Limits*
| Single Accounts (owned by one person) | $250,000 per owner** |
| Joint Accounts (two or more persons) | $250,000 per co-owner** |
| IRAs and certain other retirement accounts | $250,000 per owner |
POD (Payable on Death) accounts or |
$250,000 per owner per beneficiary subject to specific limitations and requirements** |
* These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each FDIC-insured bank. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.
** The legislation authorizing the increase in deposit insurance coverage limits makes the change effective October 3, 2008, through December 31, 2009.
If you have questions about FDIC coverage limits and requirements, please visit www.myFDICinsurance.gov, call toll-free 1-877-ASK-FDIC, or ask a representative at your bank.
Identity Theft
What to know and how to protect yourself:
WE WILL NEVER SEND EMAILS asking you to provide, update or verify your personal or account information, such as passwords, User IDs, Social Security Numbers, PINs, Account Numbers, Check Card Numbers or other confidential information. Click Here for more information.
Emergency Branch Hours
In the course of inclement weather, or a natural disaster please click here for our altered branch operating hours and available branches. Otherwise please Click here for our normal branch operating hours and locations.
