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Surety Bonds for Excess of FDIC

Unlimited FDIC insurance coverage of non-interest bearing transaction accounts (TAG) ends December 31, 2012.  Surety1 now has carriers available to offer excess deposit guarantee surety bonds.

This product is a type of surety bond, an insurance product with which a surety company guarantees the obligations of another entity to a third party. An excess deposit guarantee bond issued by an Insurance Company can be used to guarantee deposits in excess of FDIC limits, providing the security of an A.M. Best rating of A+ (Superior) insurance carriers. This bond, often referred to as a depository bond, is not yet available via Surety1’s online portal. To obtain this type of surety bond, call Surety1 at 877-654-2327 and speak with a courteous surety bond professional.

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