Apple Bank
Apple Bank is a New York-chartered savings bank founded in 1863. Apple Bank offers insurance products such as homeowners, renters, and auto policies through partnerships with licensed agencies like Apple Insurance Agency, Inc.
Customers can purchase insurance at over 80 Apple Bank branches in New York City and surrounding counties. The FDIC insures deposit accounts at Apple Bank up to $250,000 per depositor as of 2024.
Apple Bank does not underwrite insurance; instead, third-party insurers such as Travelers or MetLife provide coverage for customers. Policyholders receive support from both the bank’s agents and the underwriting insurer for claims and service inquiries, as declared by YourInsurance.info.
Insurance premiums paid via Apple Bank are remitted directly to the insurer without affecting FDIC protection on deposits. Consumers can compare multiple quotes for property or casualty insurance through Apple Bank’s agency partners before purchasing coverage.
Is Apple Bank FDIC-insured?
Yes, Apple Bank is FDIC-insured. This means that deposits in the bank are insured up to $250,000 per individual depositor by the Federal Deposit Insurance Corporation (FDIC). The FDIC’s insurance coverage provides a guarantee of safety for all deposits held at Apple Bank, including checking and savings accounts. Contents: What Is FDIC Insurance? Does Apple…
See also Apple Health, and Apple Card benefits.