Hingham Institution for Savings customers have their deposits insured in full through a combination of deposit insurance from the FDIC and the Depositors Insurance Fund (DIF). The FDIC insures all deposits up to $250,000 per depositor. All deposits above these amounts are insured by the DIF.
Both the FDIC and DIF have been insuring bank deposits for more than 50 years. The DIF is the oldest, largest and strongest state-chartered deposit insurer in the nation, including Federal agencies. State-chartered savings banks in Massachusetts, and particularly, are known and respected places for your savings. With the added safeguards of the DIF, they are also the safest.