Can I open a new deposit account with Fireside?
Fireside is no longer accepting deposits or additions to current accounts.
Why is Fireside no longer accepting new deposit accounts?
On March 24, 2009, Fireside announced that it would exit the auto financing business. In an effort to wind-down operations, we are no longer originating new loans or deposits.
Are deposits held at Fireside Bank insured by The Federal Deposit Insurance Corporation (FDIC)?
Yes, all of Fireside’s investment products qualify for FDIC insurance. The FDIC temporarily raised the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor through December 31, 2013. The temporary increase in deposit insurance coverage is effective immediately, and provides that the basic deposit insuance limit will return to $100,000 on January 1, 2014.
How much is my deposit insured for, considering my ownership type?
For questions regarding account insurability, please contact the Federal Deposit Insurance Corporation (FDIC) at 1-877-ASK-FDIC or you may access their web page by clicking on the link: http://www2.FDIC.gov/edie. In addition, the FDIC’s Electronic Deposit Insurance Estimator can help you determine if you have adequate deposit insurance for your deposits.
What is Fireside’s FDIC certificate #?
Fireside’s FDIC certificate # is: 25667-6 and has been insured by FDIC since 1984.
Will a penalty for early withdrawal be charged on term certificates?
No, as of March 24, 2009, we no longer charge early withdrawal penalties. The Deposit Account Agreement and Disclosure is available for additional information about policies regarding Firesides deposit accounts and about early withdrawal penalties.
Are there any fees associated with maintaining my CD account?
No, there are no fees associated with maintaining an account.
What happens when my CD matures?
When your account matures it will be automatically closed. A check will be issued and mailed to the address on file.
Can I have my funds wired out when my account matures?
You can have your funds wired out at maturity. The destination account must be in the name of the CD holder. We do not wire funds to third parties. A written request must be completed with your wire out instructions. Fireside does not charge an outgoing wire fee. Please verify with your destination bank regarding any incoming wire fees that may apply.