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Extended FDIC Coverage |
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Notice of Changes in Temporary FDIC Insurance
Coverage for Transaction Accounts
All funds in a
"noninterest-bearing transaction account" are
insured in full by the Federal Deposit Insurance
Corporation from December 31, 2010, through December
31, 2012. This temporary unlimited coverage is
in addition to, and separate from, the coverage of
at least $250,000 available to depositors under the
FDIC's general deposit insurance rules.
The term
"noninterest-bearing transaction account" includes a
traditional checking account or demand deposit
account on which the insured depository institution
pays no interest. It also includes Interest on
Lawyers Trust Accounts ("IOLTAs"). It does not
include other accounts, such as traditional checking
or demand deposit accounts that may earn interest,
NOW accounts and money-market deposit accounts.
For more information
about temporary FDIC insurance coverage of
transaction accounts, visit
www.fdic.gov.
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