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Consumer Beware: Website FDIConnect.com should not be confused with FDICconnect.gov

June 14, 2019

The Federal Deposit Insurance Corporation (FDIC) has been notified of a website, FDIConnect.com, that advertises itself as a bank-deposit broker that can obtain higher interest rates on bank deposits for consumers. FDIConnect.com is not licensed as a bank and is not insured by the Federal Deposit Insurance Corporation (FDIC). 

FDIConnect.com should not be confused with FDICconnect.gov, the official FDIC channel for FDIC-insured institutions. 

Blue Ridge Bank urges consumers to exercise caution before responding to any website seeking deposits or promoting savings accounts or other offers. 

The FDIC recommends that bank customers do their due diligence to confirm that a financial institution is FDIC-insured before doing business with the institution. The FDIC's BankFind database can help customers determine if an insured bank has certain branches or a website that use a "trade name" that is different from the bank's official name, often for marketing purposes. BankFind will provide customers with the name of the bank that owns the branch or website, if applicable, along with other pertinent information regarding that bank.

Customers may also call the FDIC toll-free at 1-877-275-3342 to check whether the FDIC insures a specific bank or savings association.

More information on FDIC deposit insurance is available on the FDIC website.