When you bank with us, your deposits are fully insured, and fully protected.

Deposits over the FDIC insurance limit of $250,000 are fully insured by Martha's Vineyard Bank and the Depositors Insurance Fund (DIF) which means you get unlimited coverage that protects 100% of your deposits.

  • DIF covers every penny above FDIC limits
    Unlimited coverage means all your deposits are insured, with no dollar limit: savings accounts, checking and NOW accounts, certificates of deposit (CDs), and money market deposit accounts.
  • Coverage is automatic
    Depositors automatically receive this added insurance benefit at no cost whenever they make a deposit to a new or existing account at a DIF member bank – no application required.
  • No residency requirements
    Even part-time and seasonal residents can take advantage of DIF insurance, if they bank in Massachusetts with a DIF member bank like Martha’s Vineyard Bank.

Further Reading:

Have a look at some frequently asked questions.